Transit Impacts on Jobs, People and Real Estate Volume 4 Impact on Real Estate Rents with Respect to Transit Station Proximity Considering Type of Real Estate by Transit Mode and Place with Implications for Transit and Land Use Planning

This volume creates a theory of how transit station proximity by mode and place typology should influence office, multifamily, and retail rents per square foot. Quasi-experimental, temporal cross section and case study analysis is used to evaluate market responses to transit station proximity. For the most part, the authors find that transit station areas do not advance transit station area purposes with respect to attracting real estate investment because rents are mostly upward/concave sloping away from transit stations or ambiguous. However, the authors identify individual systems with downward/convex sloping rent gradients that are worthy of case study analysis to draw lessons for transit station planning, station area land use planning and urban design for other systems to emulate.

• Record URL:
  https://ppms.trec.pdx.edu/media/project_files/NITC-RR-1253_Transit_Impacts_on_Jobs_People_and_Real_Estate_Volume_4.pdf
• Summary URL:
  https://ppms.trec.pdx.edu/media/project_files/1253_Project_Brief_-_Transit_Impacts_on_Real_Estate_Rents.pdf
• Supplemental Notes:
  • This document was sponsored by the U.S. Department of Transportation, University Transportation Centers Program.
• Corporate Authors:

  University of Arizona, Tucson

  College of Architecture, Planning and Landscape Architecture
  Tucson, AZ  United States 

  National Institute for Transportation and Communities

  Portland State University
  P.O. Box 751
  Portland, OR  United States  97207

  Office of the Assistant Secretary for Research and Technology

  University Transportation Centers Program
  Department of Transportation
  Washington, DC  United States  20590

  Utah Department of Transportation

  Salt Lake City, UT  United States 
• Authors:
  • Nelson, Arthur C
  • 0000-0003-2578-3884
  • Hibberd, Robert
  • 0000-0002-6606-6753
  • Currans, Kristina
  • 0000-0001-6522-0758
  • Iroz-Elardo, Nicole
• Publication Date: 2021-4

Language

• English

Media Info

• Media Type: Digital/other
• Edition: Final Report

Subject/Index Terms

• TRT Terms: Case studies; Location; Public transit; Rent; Transit oriented development
• Subject Areas: Economics; Public Transportation;

Filing Info

• Accession Number: 01778843
• Record Type: Publication
• Report/Paper Numbers: NITC-RR-1253
• Contract Numbers: NITC-UA-1253
• Files: UTC, TRIS, ATRI, USDOT, STATEDOT
• Created Date: Aug 9 2021 9:44AM