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Article
Retail Rent with Respect to Distance from Light Rail Transit Stations in Dallas and Denver
Urban Studies and Planning Faculty Publications and Presentations
  • Arthur C. Nelson, University of Utah
  • Dejan Eskic, University of Utah
  • Joanna P. Ganning, University of Utah
  • Shima Hamidi, University of Utah
  • Susan J. Petheram, University of Utah
  • Jenny H. Liu, Portland State University
  • Reid Ewing, University of Utah
Document Type
Working Paper
Publication Date
1-1-2015
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.
Description

The final research report that this work is derived from is located here: http://archives.pdx.edu/ds/psu/16717

Persistent Identifier
http://archives.pdx.edu/ds/psu/16723
Citation Information
Arthur C. Nelson, Dejan Eskic, Joanna P. Ganning, Shima Hamidi, et al.. "Retail Rent with Respect to Distance from Light Rail Transit Stations in Dallas and Denver" (2015)
Available at: http://works.bepress.com/joanna-ganning/3/