does rezoning increase property value

[MacAxel]

Yes, rezoning can increase property value, especially when it allows for higher-intensity or more profitable uses, such as converting a residential area to a commercial or multi-family zone. The increase depends on factors like the specific change in zoning, local market demand, and the availability of infrastructure. However, rezoning can also decrease value in some cases, for example, if a property is rezoned for a non-profit use like a school or park, which limits its development potential.