The growing preference for walkable communities isn’t just a fad; there’s proof that it’s economically viable. A recent study by Christopher Leinberger, a professor at George Washington University, shows that rents for office space are 75% higher in walkable urban places in the D.C. metro area than in car-oriented suburbs. Walkable places fit more properties into less space by developing at higher densities, meaning more bang for your real estate buck.
Read the article at Better Cities and Towns, or see the full report from the study here.
UPDATE (11/19): This November 16th Washington Post article goes into more detail about the benefits of walkable urban places and the positive impact of walkability on the housing market.
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