Apartment seekers are willing to pay more for places next to transit, says a market analysis by Grubb & Ellis. Proximity to transit was the #1 factor in their decision.
College students were the largest market for the transit-oriented developments, with professionals in their 30s next.
From the Denver Post: "People find they can get on light rail and have quicker access to the downtown area or, if they live downtown, out to the Tech Center," said Gordon Von Stroh, professor of business at the University of Denver. "It's more appealing to the urban-oriented younger professional that is willing to make some changes and look at transportation from a different perspective."
FULL STORY: Apartment seekers willing to pay more to be near light rail

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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