Residential property values and neighborhood retail : a comparison of pedestrian and automobile oriented retail clusters
Name
123992267-MIT.pdf
Description
Full printable version
Size
9.06 MB
Format
Adobe PDF
Checksum (MD5)
7ea6b23364988c2a4b0d45693780acf5
Author(s)
Tiffany, Thacher
Advisor(s)
Lynn Fisher.
Date Issued
2006
Publisher
Massachusetts Institute of Technology
Abstract
This study tests the hypothesis that home buyers pay a premium to live within walking distance of pedestrian accessible retail. To answer this question two types of retail clusters are identified in the Boston metropolitan area-pedestrian oriented and automobile oriented--and comparisons are made between their effects on surrounding residential property values. Hedonic regression analysis reveals price gradients which vary depending on retail form, regional location and home type. In particular, walkable centers appear to be more appreciated in inner-suburban locations and among condominium buyers. Interestingly, automobile oriented retail clusters are found to not significantly affect the values of proximate single family homes.
Description
Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2006.
Includes bibliographical references (leaves 52-53).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
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