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Land Use, Market and Feasibility Analysis and Cash Flow

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Situs Theory<br />

Broadly defined, Situs is the total urban<br />

environment in which a specific urban l<strong>and</strong> use<br />

on a specific l<strong>and</strong> parcel functions <strong>and</strong><br />

interacts at a specific time.<br />

• The total urban environment means the whole<br />

of urban activities <strong>and</strong> relationships that can<br />

impact specific functions. It involves factors<br />

external to the site, externalities, that influence<br />

the economic performance of a parcel <strong>and</strong> its<br />

use.

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