Residential property values and neighborhood retail : a comparison of pedestrian and automobile oriented retail clusters
Author(s)
Tiffany, Thacher
DownloadFull printable version (9.062Mb)
Other Contributors
Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
Advisor
Lynn Fisher.
Terms of use
Metadata
Show full item recordAbstract
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).
Date issued
2006Department
Massachusetts Institute of Technology. Department of Urban Studies and PlanningPublisher
Massachusetts Institute of Technology
Keywords
Urban Studies and Planning.