Which term refers to the increase in value when parcels are combined to form a larger parcel?

• A. Plottage
• B. Progression
• C. Regression
• D. Physical Deterioration

Answer: (A)

Plottage is the increase in value that comes from merging multiple parcels into one larger parcel. When parcels are assembled, the resulting land can be used more efficiently or attract higher-value development—think better frontage, fewer access constraints, a larger building envelope, or the ability to meet zoning or site plan requirements that weren’t possible before. All of this can push the land’s value beyond the simple sum of the separate parcels.

Progression describes rising values because of improvements in the surrounding area, not because parcels were combined. Regression is a decline in value due to deterioration elsewhere or in the market. Physical deterioration refers to wear or decay of the property itself.