Thursday, September 3, 2009

Walkable neighborhoods have higher land values

examiner.com, August 24
Author: David Herron

A recent report published by CEOs for Cities finds, using Walk Score data and techniques, that walkable cities have higher land values than unwalkable cities. The study claims it illustrates "the value that homeowners attach to locations that enable them to easily access a variety of urban destinations by walking and other means."

The intrinsic advantage of city living is the variety of "consumption choices and experiences" easily available. A walkable neighborhood may also appear friendlier and safer, encouraging more people to live in that area.

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