Walkability Increases Real Estate Values

Studies indicate walkability increases values for both for-sale and rental housing, as well as office and retail real estate. More walkable places perform better economically. According to a new Brookings Institution study, on average, walkable neighborhoods in metropolitan Washington that cluster and form walkable districts exhibit higher rents and home values than stand-alone walkable places. Lenders, for example, should find cause to integrate walkability into their underwriting standards. Developers and investors should consider walkability when assessing prospects for the region and acquiring property.

Source: Harbor Stone Advisors Group