The Walkability Premium in Commercial Real Estate Developments

Real Estate Economics, 39(2): 185-219, 2011

By: American Real Estate and Urban Economics Association, Gary Pivo, Jeffrey Fisher

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.643.2152&rep=rep1&type=pdf
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Benefits of Compact, Mixed Use Development

This article discusses the impact of walkability on property value and investment return. It concludes that a 10-point increase in Walk Score increases office, retail, and apartment property values by 1 – 9%, but does not significantly impact industrial property values or investment return.