TOD Commands A Premium In Denver
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."
Published on Monday, June 14, 2010 in
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