DALLAS—There have been very few national studies of urban vacant lots, but not for lack of trying. Widespread inconsistencies in property classification and data management make it very difficult to put together a comprehensive record.
However, a recent study of 25 US cities with the highest urban infill development potential was undertaken by CommercialCafe. The study was based on total developable vacant land available in each city's central business district.
The study found that vacant lots sized 0.5 acres or more amount to a total of 584 acres—that's urban core property with no improvements that could fill roughly 442 NFL-standard-size football fields. CommercialCafe also discovered that some of the least dense urban cores have recorded the slowest development activity during the past five years, while developers have been significantly busier in the more tightly packed city downtowns.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
