Wall Street Journal / June 30th, 2015
Wall Street Journal reports: Developer takes a linear approach to a project in Miami as walkable locations show increased pricing.
According to data firm Real Capital Analytics, prices for commercial properties in highly walkable locations, such as those abutting linear parks, show significantly greater appreciation trends than car-dependent locations. The findings cut across the office, retail and apartment sectors and reflect premiums in both rents paid by tenants as well as the increasing demand from investors who recognize the long-term value of walkability.
View the full article on Wall Street Journal: Highly Walkable Locations Show Greater Appreciation