New data show the resilience of walkable commercial areas through the recent recession. Parking minimums, however, prevent new projects from taking advantage of the strengths of such development patterns.
"Neighborhood walkability has been a huge asset for commercial landlords during the recovery from the 2008 recession," reports Matthew Yglesias using a dataset from Moody's and Real Capital Analytics that breaks down commercial real estate prices by WalkScore.
From an infographic created for the dataset, Yglesias produces the following conclusion: "whether it's in suburbs or in central business districts, prices have rebounded from the recession much more strongly in walkable areas than in car-dependent ones…"
As for why that might be, Yglesias argues that car-based retail has suffered the impacts of online retail services like Amazon. "Bars, restaurants, and homey shops that don't compete directly with Amazon work better in walkable areas."
FULL STORY: Neighborhood walkability is good for the commercial real estate bottom line
When Wall Street Controls the Housing Market
A debate about the effect of the increasing footprint of large, institutional investors in the housing market is further fragmenting the politics of development in the United States.
'The Great Real Estate Reset'
Business as usual in the real estate industry is failing the economy and the political and social cohesion of the United States, according to a new initiative launched by the Brookings Institution.
Wall Street Wagering on a Permanent Suburban Renter Class
Expectations that the economic downturn of the COVID-19 pandemic will create a wave of homeowners leaving the market, whether by choice or necessity, are driving big acquisitions by private equity firms and Wall Street investors.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
Ada County Highway District
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service