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BART Access and Office Building Performance

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  • Landis, John
  • Loutzenheiser, David

Abstract

This paper addresses the question of whether office buildings near BART stations command higher rents or achieve higher occupancy levels than their more distant competitors. Contemporary urban economics suggests that they should: that office buildings near transit stations should have a competitive advantage over more distant buildings, and that such advantages should translate into higher rents, higher occupancy rates, and ultimately higher building values. Contrasted with this view is that of the commercial real estate broker, that mass transit accessibility is one of many building features which, depending on current market conditions, may or may not be rewarded in the marketplace.

Suggested Citation

  • Landis, John & Loutzenheiser, David, 1995. "BART Access and Office Building Performance," University of California Transportation Center, Working Papers qt6pn3g1kk, University of California Transportation Center.
    • Handle: RePEc:cdl:uctcwp:qt6pn3g1kk
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    References listed on IDEAS

    as
    1. Edwin S. Mills, 1992. "Office Rent Determinants in the Chicago Area," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 20(2), pages 273-287, June.
    2. Kenneth T. Rosen, 1984. "Toward a Model of the Office Building Sector," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 12(3), pages 261-269, September.
    3. John Clapp & Henry O. Pollakowski & Lloyd Lynford, 1992. "Intrametropolitan Location and Office Market Dynamics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 20(2), pages 229-258, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Qisheng Pan, 2013. "The impacts of an urban light rail system on residential property values: a case study of the Houston METRORail transit line," Transportation Planning and Technology, Taylor & Francis Journals, vol. 36(2), pages 145-169, April.
    2. Kihwan Seo & Deborah Salon & Michael Kuby & Aaron Golub, 2019. "Hedonic modeling of commercial property values: distance decay from the links and nodes of rail and highway infrastructure," Transportation, Springer, vol. 46(3), pages 859-882, June.
    3. Christopher D. Higgins & Pavlos S. Kanaroglou, 2016. "Forty years of modelling rapid transit’s land value uplift in North America: moving beyond the tip of the iceberg," Transport Reviews, Taylor & Francis Journals, vol. 36(5), pages 610-634, September.
    4. Laura Gabrielli & Aurora Greta Ruggeri & Massimiliano Scarpa, 2023. "“Location, Location, Location”: Fluctuations in Real Estate Market Values after COVID-19 and the War in Ukraine Based on Econometric and Spatial Analysis, Random Forest, and Multivariate Regression," Land, MDPI, vol. 12(6), pages 1-23, June.
    5. Cervero, Robert & Rood, Timothy & Appleyard, Bruce, 1995. "Job Accessibility as a Performance Indicator: An Analysis of Trends and Their Social Policy Implications in the San Francisco Bay Area," University of California Transportation Center, Working Papers qt6mp941d9, University of California Transportation Center.
    6. Cervero, Robert, 2006. "Effects of Light and Commuter Rail Transit on Land Prices: Experiences in San Diego County," University of California Transportation Center, Working Papers qt75n1b5xc, University of California Transportation Center.
    7. Singhal Shaleen & Tyagi Yogesh, 2021. "Analyzing the Influence of Metro Stations on Commercial Property Values in Delhi: A Hedonic Approach," Real Estate Management and Valuation, Sciendo, vol. 29(4), pages 10-22, December.

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