May
29

What’s the Value of a Walkable Infrastructure?

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A newly released Brookings Institution study measuring the value of real estate in neighborhoods with “complete streets” shows that each step achieved in the study’s “walkability ladder” adds – on average – $9 per square foot to annual office rents, $7 per square foot to retail rents, more than $300 per month to apartment rents and nearly $82 per square foot to home values.

This according to Christopher B. Leinberger, a professor at the George Washington University School of Business and a senior fellow at the Brookings Institution, who wrote about the study’s findings for the New York Times.

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