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."
Read the 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.
Amtrak, CN end decades-long dispute with eight-year agreement
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Boston has spent millions making the Green Line more accessible — and there’s no end in sight
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FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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City of Wisconsin Rapids
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The Architects Foundation
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The Urban Renewal Agency of the City of Pocatello