Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-11
Similarity of Use
Increases Value OF
Business Location

ts,s is the sixth Of a series Of
Assoass prepared by the National
"a ksallon OF Real Estate Boards
ner published weekly in this
H. --paper Tor the information Of
aoers on real estate matters.
mr. = . good thing for moving pic
I'M. sneaters TO be next door to NOV
brr picture theaters and for one
opt .aiow with a gay garden 10 look
vss "a ANOTHER bungalow with a CAV
~ because the similar use Of
yss,i4hd IN an area increases urban
so~;ss values. says the National As
Non OF Real Estate boards.
avs. land values arise in
s;ru. where property is used for
~ Lar purposes and the competition
business does not make rival or.
l,r..sions seek widely separated
49,. Aons' says the association. Bust
zoe better wedged against its
Wv than off by itself and
,r.n organizations like to get their
49, ~ the same address. The growth
iseail centers, financial districts,
az nome areas in cities throughout
country has resulted in higher
snu values thgn could possibly
ae occurred had factories, stores,
M MONIES been jumbled together.
40 estate values do not just
nsppen.' Behind all values are cer-
a.a causes and the high figures that
ars quoted for preferred Industrial.
sommercial. and residential sites are
rroaht about because people have
1ound II more profitable to do bust
n,ss moor to a competitor and more
hhlesnsant to live next door TO a fam
ny IN the same circumstances.
Competition Raises Cost
INDUSTRY and and spe-
Sihiized business that compete fierce
" over the counter and stalk each
Cftners prospects, rush to secure loca-
'sions on the same street or in the
sne building. This situation is due
the fact that such concentration
Fnits Of advantages that could not
secured in scattered locations.
he grouping of manufacturers to
On transportation is an important
actor In securing supplies or in dis
rlDutlng products in a region de-
soted largely or wholly to industry
pften makes il possible for the dis
|trict to have railroad switch track
/ service that would not be made avail
able by the railroad companies for
enc small isolated industry. The es-
Enlistment Of industrial districts
otter facilitates the delivery of raw
materials and makes il easy for in
d~ustries that use q varying amount
OF labor TO pick up extra employees
quickly.
In all great cities now the financial
organizations tend to center in one
part Of the bushes district. Banks.
bond houses. and investment institu-
tons that compete for the savings
OF the public. rub elbows door TO
door. Retail stores and speciality
shops crowd together: automobile
row" is found in many places.
Apply In Outskirts Also
The same tendency to grouping
that is r u in the central business
district is found just as truly in the
outlying business sections. This con-
tentraton is not the result of acc,-
dent. All of these interests have
taken the anne address because IL
paws them to do so.
More business for banks. automo-
bile concerns, stores, and motion pic
ture theatcrs flows into such areas
than IL there did not exist in each
similarity OF use. and users are
willing to pay more for land in such
sections or for its use. even though
sn some other location they might
e6counter less competition.
pannlA ~ANkfn~ fA~tk 81 NanIa .
Sosn, or buy en- automobile. or a pair
scf gold evening slippers are auto
snstically drawn 10 the concentrated