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
Report a broken linkBenefits 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.