Apr
22

Commercial Assets in Walkable Locations Command Premium Prices, Rents

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It’s a maxim that industry professionals have been adhering to for some time, but a new Walk Score Commercial Property Price Indices (CPPI) released by research firm Real Capital Analytics (RCA) proves it: commercial properties in what are considered to be “walkable” locations, in both city cores and suburban markets, get premium pricing from tenants and real estate investors.

The newly-launched Walk Score CPPI, which looks at office, retail and multifamily properties, found that prices for assets in walkable Central Business Districts (CBDs) rose 125 percent over the past 10 years, while prices for assets in walkable suburban locations rose 43 percent (the increase for less pedestrian-friendly suburban sites was about half of that for the same period). In fact, pricing for commercial assets in walkable locations has by now surpassed the peak of the previous cycle, achieved in 2007. The same doesn’t hold true for less accessible buildings…

Commercial Assets in Walkable Locations Command Premium Prices, Rents

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