When it comes to real estate, the mantra has always been "location, location, location". But now, as congestion and sprawling development increase rapidly, that mantra is being modified to include "accessibility".
"The severe traffic congestion, which is getting worse every year as the number of cars on the roads increases, particularly in Johannesburg, could soon negatively affect property values for all property types, including retail, office and residential property."
"New office blocks, for instance, and large regional shopping centres in congested areas are becoming increasingly less accessible for office workers and shoppers, who may spend several hours trying to reach these destinations."
"The solution may lie in the creation of more mixed-use developments where people can live, work and play in the same area."
FULL STORY: Congestion creeps up on property values
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
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Congress Moves to End Reconnecting Communities and Related Grants
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Dairy Queen and Rural Third Places
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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City of Tustin
Tyler Technologies
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Transportation Research & Education Center (TREC) at Portland State University
Chaddick Institute at DePaul University
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions