Impact of Accessibility to Rail Transit on Commercial Property Values PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Impact of Accessibility to Rail Transit on Commercial Property Values PDF full book. Access full book title Impact of Accessibility to Rail Transit on Commercial Property Values by Yingfei Huang. Download full books in PDF and EPUB format.

Impact of Accessibility to Rail Transit on Commercial Property Values

Impact of Accessibility to Rail Transit on Commercial Property Values PDF Author: Yingfei Huang
Publisher:
ISBN:
Category :
Languages : en
Pages : 85

Get Book Here

Book Description
Property values. However, GWR revealed that this impact varies significantly throughout the geographic study area. Metro stations in the north are associated with decreasing commercial property values, while those in the south are associated with increasing commercial property values. The increase in value for some properties if situated even one mile closer to some metro stations could be as high as $22 per square feet. With a mutual recognition of this property value increment, public-private partnerships between the rail transit agency and commercial developers could be built to achieve a win-win situation. On the contrary, incentives such as density bonus or favorable rates should be given to business owners if commercial development has to be encouraged in an area where construction of rail transit is associated with decreasing property values. When investigating the relationship between accessibility to rail transit and commercial property values, GWR is a more suitable model than OLS to support decision-making processes that fully utilize value capture potentials of metro stations.