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Capital Region's Urban Landscape: Unpacking the Proportion of Floor Space Ratio in Suburban Rankings
The amount of floor space allowed per unit of land. A high value indicates a more densely built environment, while a low value indicates a more spacious environment.
The proportion of floor space ratio (FSR) of a suburb can be a useful metric for property investors and those looking to move. FSR is a measure of the total floor area of a building in relation to the size of the land it is built on. A higher FSR indicates that a larger building can be constructed on a smaller piece of land. This can be useful for property investors who are looking to maximize their returns by building larger properties on smaller plots of land.
However, FSR can also be an indicator of livability. A lower FSR can indicate that a suburb has more open space and greenery, which can make it a more attractive place to live. Additionally, a lower FSR can also indicate that a suburb has a more spacious and less crowded feel, which can contribute to a higher quality of life.
For example, a family looking to move to a suburb with a lower FSR may prioritize access to parks and open spaces for their children to play in. On the other hand, a property investor may prioritize a higher FSR in order to maximize the number of units they can build on a piece of land.
Overall, the proportion of FSR can be a useful metric for a variety of groups, from property investors to families looking to move, as it can provide insights into both economic and livability factors.
Data from 2023