What does "upzoning" refer to?

Upzoning refers to a change in zoning laws that allows for more intensive land use or higher density. This process typically involves increasing the allowable limits for buildings or developments on a given parcel of land, often facilitating higher-density residential spaces, commercial developments, or mixed-use projects.

By permitting developments that intensify land use, upzoning can promote greater economic activity, enhance housing availability, and contribute to urban growth. It has implications for city planning and community development, as it aligns with efforts to accommodate growing populations and demands for more housing and services.

The other options do not accurately reflect the definition of upzoning. A decrease in property taxes relates to fiscal policies rather than zoning laws. Property management pertains to the operation and oversight of real estate properties, which is a different aspect of real estate not directly tied to zoning law changes. Finally, an investment strategy in real estate could involve various tactics for purchasing or managing property, but it doesn't specify any changes to zoning regulations, which is the core focus of what upzoning entails.