What is plottage in real estate?

What is Plottage in Real Estate?

Plottage in real estate refers to the increase in value that occurs when two or more adjacent parcels of land are combined, or consolidated, into a single larger one. This process can enhance the overall usability, appeal, and development potential of the property, often resulting in a higher market value than the sum of the individual parcels valued separately. The concept of plottage enters into many land assembly strategies, where investors or developers acquire neighboring properties to create a more valuable and cohesive development project.