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Economic Benefits of Tree Conservation
Trees are a major economic asset to a community, building a positive community image which is a key factor in attracting residents, businesses, and visitors alike. Higher Commercial Land Values and Occupancy Rates Trees have a positive impact on the value of commercial property. Recent surveys indicate that nine out of 10 commercial real estate appraisers believe that trees boost the sales appeal of commercial properties and add significantly to their value. In addition, commercial areas with trees enjoy higher occupancy and rental/lease rates than identical properties that lack landscaping. Some studies suggest attractive tree-lined commercial centers are more desirable than those areas without trees that have direct access to main roadways. Increased Consumer Patronage and Spending The appearance of a business can attract or repel customers. Well-landscaped businesses project an image of quality and service that entices customers. Surveys show that three out of four consumers prefer to shop in places that are graced by trees and other forms of landscaping. One study showed that patrons to shops with extensive landscaping and tree cover spent 11 percent more than they would in an identical shop without attractive landscaping and trees. Greater Residential Property Values Studies have consistently shown that trees have a major impact on the price and desirability of homes. Among identical homes, those with trees sell for an average of five percent more than homes without trees. Property values for unimproved lots can rise as much as 30 percent based on the amount and density of tree cover. |
Tree Conservation
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