Sponsor
We gratefully acknowledge generous support for research reported in this paper from the National Institute for Transportation and Communities, the Utah Transit Authority, the Wasatch Front Regional Council, the Mountainland Association of Governments, and the University of Arizona.
Document Type
Working Paper
Publication Date
2015
Subjects
Transit-oriented development, Transportation -- Planning, Street-railroads -- Economic aspects
Abstract
A growing body of recent research is challenging the assumptions underlying the half-mile-circle in planning for development around transit stations. In this article we review this literature and extend it to include retail land uses. We estimate the rent premium conferred on retail properties in metropolitan Dallas and metropolitan Denver, both of which have extensive light rail transit systems. We find that consistent with half-mile-circle assumptions, retail rent premiums extend only to about 0.30 mile from transit stations with half the premium dissipating after a few hundred feet and three quarters within the first 0.10 mile. We offer implications for planners and public officials.
Persistent Identifier
http://archives.pdx.edu/ds/psu/16723
Citation Details
Nelson, Arthur C.; Eskic, Dejan; Ganning, Joanna P.; Hamidi, Shima; Petheram, Susan J.; Liu, Jenny H.; and Ewing, Reid, "Retail Rent with Respect to Distance from Light Rail Transit Stations in Dallas and Denver" (2015). Urban Studies and Planning Faculty Publications and Presentations. 127.
http://archives.pdx.edu/ds/psu/16723
Description
The final research report that this work is derived from is located here: http://archives.pdx.edu/ds/psu/16717