The Daily Stat: Walkability Raises Property Values

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile JULY 05, 2011 Walkability Raises Property Values A 10-point increase on a 100-point scale of a property's "walkability"—the degree to which the location encourages walking for recreation or shopping—increases offices' and stores' value by 9%, say Gary Pivo of the University of Arizona and Jeffrey D. Fisher of Indiana University. The effect for apartments is just 1%, possibly because apartment dwellers dislike the traffic that comes with proximity to stores and parks. For example, an office or retail building with a score of 80 is worth 54% more per square foot than one scoring 20, but an apartment scoring 80 is just 6% more valuable than one scoring 20, all else being equal. Source: The Walkability Premium in Commercial Real Estate Investments Share Today's Stat: FEATURED PRODUCT Making Smart Acquisitions Harvard Business Review Article Collection This HBR Article Collection provides a road map to smart acquisitions—including strategies for determining when to acquire and when to ally, and disciplines for combating "deal fever." ADVERTISEMENT Follow the Stat: BEST SELLERS HBR's 10 Must Reads: The Essentials HBR's Must Reads Library Set Guide to Persuasive Presentations Guide to Better Business Writing Guide to Getting the Right Work Done PREVIOUS STATS Dull Tasks Seem Duller to Entitled People Retail Therapy Works, Research Shows Bike Commuting Surges, Led by Middle-Aged Men A Smarter Elite Makes for a Better Economy Having Too Many Stars Can Hurt a Team Lack of Sleep Leads to Unethical Conduct Nearly 1 in 10 Employees Bring Work Home Anxiety Makes You a Worse Negotiator It Tastes Good Because It's My Favorite Brand American Students More Prone to Boredom Free HBR Interactive issue Download the iPad app HBR Reads, and get your issue with audio and video interviews and multimedia slideshows. Learn more » UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. OPT OUT If you do not wish to receive any email messages from Harvard Business Review, click here. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2011 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 800-545-7685 (+1-617-783-7600 outside the U.S. and Canada)