What does maximally productive use imply about a property?

Maximally productive use of a property refers to its optimal use that generates the highest possible economic return when compared to other potential uses. This concept is grounded in the idea that properties can serve multiple purposes, and each use has different potential financial outcomes. When a property is utilized in a way that yields the greatest economic benefit—considering factors such as demand, market trends, and the potential for generating revenue—it is considered to be being used to its maximum productive capacity.

This does not necessarily mean it will always yield the highest rental income. While high rental income is an aspect of economic return, it doesn't capture the full scope of all potential uses and profitability that could be evaluated. Moreover, retaining high resale value can be influenced by a variety of external factors such as market conditions, but these do not directly relate to the operational efficiency or immediate productive use of the property. Likewise, investing less in development might seem beneficial, but it doesn't inherently correlate with maximizing returns; in some cases, a higher development investment may lead to greater economic benefits.

Thus, the concept of maximally productive use aligns best with producing the greatest economic return relative to what other options may provide, making it the most comprehensive choice.