For decades, the value of real estate has been determined by a number of key factors, such as closeness to markets, warehouses, transport hubs and major road links.

While physical real estate often has considerable utility – e.g., for the storage of merchandise, accommodating people, and retailing products – a property’s value can be significantly diminished if one or some of these factors are not in place. For example, a building may have millions of square feet that make it highly useful as a storage space, but without convenient access to major roads, its valuation is likely to be low.

Information Age

Photo: XR Today