Work

Capturing the Value of Walkability

Year: 2024

Type: article

Abstract: Capturing the value infrastructure investments add to the residential market is a longstanding policy to defray their expense. Unfortunately, estimates of the added value of infrastructure, generally, and estimates of the added value of walkability, specifically, are scarce. Novel, multiscale models free independent variables to manifest simultaneously at different scales of analysis to greatly improve specifications to precisely estimate walkability valuation. Results from analysis of years of transactions within walking distance of heavy rail stations suggest that walkability adds value available for capture locally, not systemically. Stakeholders confront myriad problems to replicate the accessibility characteristics shown to add value given the distinct cluster where walkability adds value available for capture in a heavy rail system.

Source: Future Transportation

DOI: 10.3390/futuretransp4040064

Author: Edmund Zolnik

Institution: George Mason University

Language: English

Topic: Urban Transport and Accessibility

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

SDGs: Sustainable cities and communities, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,137