Use of the Real Estate Market to Establish Light Rail Station Catchment Areas
Use of the Real Estate Market to Establish Light Rail Station Catchment Areas
复制标题
利用房地产市场建立轻轨车站集水区
DOI:
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发表时间:
2013
期刊:
影响因子:
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通讯作者:
R. Ewing
中科院分区:
文献类型:
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作者:
S. Petheram;A. Nelson;Matt Miller;R. Ewing
Considerable literature reports the price effects of light rail transit accessibility on residential properties built principally for owner–occupants. Few studies show the relationship between light rail transit and rental apartment building values; those that have done so have evaluated outcomes within narrow bands of distance from light rail transit stations. The present study closes some of this gap in the research. The association between TRAX, the light rail system operated by the Utah Transit Authority serving Salt Lake County, Utah, and the value of rental apartment buildings in bands a distance from light rail stations of 0.25 mi out to 1.5 mi was estimated. When structural, neighborhood, and location characteristics were controlled for, a positive relationship between TRAX station proximity and rental apartment building values was found to 1.25 mi but not beyond. The implications of these findings are offered.