The Properties Inspector is located on the right-hand side of the Figma workspace and consists of a list of property panels and pickers that you can add, remove, and modify to define a layer, group, frame, or even the canvas itself.

Areas in the properties inspector will be visible, or not, based on the layer or element you have selected in the Layers panel. 

For instance, if you have an image selected, you will see the option to change the fill. However, if you have a text object selected, you will see options to change the font and spacing in a specific properties panel.

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