Answer:
the impact on commercial real estate will be that:
- The demand for land will increase ( A )
- The price of land will increase ( D )
Step-by-step explanation:
If the government plans to build any Government project ( as in this case an Airport )in an area leads to urbanization of an area if the area is not properly urbanized, even if the area is an urbanized area already it will lead to more business and individuals moving closer to that area where the projects is been sighted.
The increase in the influx of people will lead to the demand for accommodation and spaces for business, hence the demand for available land will increase which will in turn lead to the increase in the price of the land . already developed real estate properties rents and lease will significantly also increase .
The interest of hotel chains is also a very strong factor that will make the prices of land to increase.