Comments on the Concept and Definition of Highest and Best Use

  • April 17, 2007
  • • Written by: Joseph S. Rabianski, Ph.D., CRE

Spring 2007, Vol 32, No 1 features

Abstract: Does the current definition of highest and best use analysis serve as an effective guideline for real estate consultants who are looking for the most appropriate use of a given parcel of land? Critics say no and offer suggestions for alternatives that would provide the insight and flexibility to make making effective, financially feasible recommendations.