While cities and developers have recognized the value of transit oriented development for quite some time, the advantages of proximity to and amenities building on active lifestyles and transportation are just beginning to emerge. Active Transportation and Real Estate: The Next Frontier, a new report from the Urban Land Institute, looks at the rise of residential, office, and mixed-use developments built around active transportation infrastructure and amenities.
In a recent study done in Melbourne, Australia, researchers compared transportation demand management plans at four new residential developments with control sites with similar characteristics. The results showed lower car mode share and trip generation in the sites with TDM plans, but also significantly lower rates of vehicle trip generation than those published in commonly-used sources.
This analysis investigates how well residential properties located in proximity to fixed-guideway transit have maintained their value as compared to residential properties without transit access between 2006 and 2011 in five regions. Across the study regions, the transit shed outperformed the region as a whole by 41.6 percent.
Building on its previous publication, Transit and Employment (2008), the Center for Transit-Oriented Development recently released a new report, Transit-Oriented Development (TOD) and Employment. The report challenges the assumption that employment dispersal outside of central …