In developed nations, most people live in urban areas, and urbanization is continuing. In many cities, building costs are smaller than the unimproved value of t

In developed nations, most people live in urban areas, and urbanization is continuing. In many cities, building costs are smaller than the unimproved value of the site. Around half the value is a typical figure. Although, in certain districts in San Francisco, London, and New York the average land-to-building ratio is near 90%. Sort on the land share column on this data sheet, and you'll see that SF is near that. Don't have data offhand for London, but given the reporting on it, it actually seems higher. https://datatoolkits.lincolninst.edu/subcenters/land-values/metro-area-land-prices.asp https://datatoolkits.lincolninst.edu/subcenters/land-values/...