Study shows increased real estate values for ‘complete street’ infrastructure
- May 30, 2012
A Brookings Institution study shows increased real estate values for “complete street” neighborhoods, including areas around Washington, D.C.
Under the “complete streets” concept, public rights of way should be for all of society, including pedestrians and cyclists — not just cars.
In an opinion piece in the New York Times, Christopher Leinberger, one of the study’s authors, said their findings reveal that every step of its “walkability” ladder contributes $9 per square foot to annual office rents, $7 to retail rents, over $300 per month to apartment rents and almost $82 to home values.