Capturing Demand for Housing Near Transit
A study by Reconnecting America's Center for Transit Oriented Development shows that demand for compact housing near transit is likely to more than double by 2025. Hidden in Plain Sight: Capturing the Demand for Housing Near Transit finds that across the U.S. more than 14.6 million households are likely to want to rent and buy housing near transit by 2025, double the number that live in these neighborhoods today. Meeting this demand would require building 2,100 residential units near each of the 3,971 stations included in the study. CTOD Director Shelley Poticha calls this, a staggering figure considering that only a small portion of housing is being constructed in these locations today. It means that transit could become the armature for a significant amount of regional growth and help increase transit ridership.
[Editor's note: The link below is to a 2 MB PDF document.]
Thanks to Smart Growth Online