Unlocking Urban Potential: Miami's Zoning Yield Analysis
Unlocking Urban Potential: Miami's Zoning Yield Analysis
Olivia Ramos | November 24, 2023 | 9:30 a.m.
Keywords: 3d modeling, real estate development, site selection, zoning
The Essence of Zoning Yields
Understanding zoning yields at the parcel level is pivotal for comprehensive city-wide housing analysis and strategic site selection. While extracting basic zoning rules marks the beginning, the true insight lies in applying these ordinances to individual parcels, revealing the full spectrum of development potential within a city.
Deepblocks' Systematic Approach
Deepblocks harnesses a meticulous methodology to apply zoning ordinances across Miami's landscape, meticulously calculating the buildable area and allowable units for each parcel. This granular approach provides a clear picture of the city's housing and development capacity.
Miami's Case Study Insights
A detailed case study of Miami reveals:
- City-Wide Potential: An extensive analysis of Miami's 67,507 properties uncovers the possibility of developing 994,719 residential units, highlighting the city's vast potential for growth and densification.
- Properties Primed for Growth: Among existing properties with residential units, a subset of 867 properties, currently with 2,096 units, holds the promise of expanding to 44,524 units. This represents an average twentyfold increase in development capacity, indicating significant growth potential.
- Vacant Land as a Key Opportunity: The analysis of 7,863 vacant parcels reveals they could yield 236,286 units, underscoring the importance of urban infill strategies in addressing housing shortages and promoting sustainable urban development.
Beyond Data Extraction
This in-depth study emphasizes the critical role of parcel-level zoning analysis in urban planning and real estate development. By moving beyond simple data extraction to a comprehensive application of zoning rules, we can unlock the latent potential within cities, guiding informed decisions for urban expansion and revitalization.
Author Olivia Ramos
Founder and CEO of Deepblocks, holds master's degrees in Architecture from Columbia University and Real Estate Development from the University of Miami. Her achievements before Deepblocks include designing Big Data navigation software for the Department of Defense's DARPA Innovation House and graduating from Singularity University's Global Solutions and Accelerator programs.