Big†Box Stores and Urban Land Prices: Friend or Foe?

Barrett A. Slade

Real Estate Economics, 2018, vol. 46, issue 1, 7-58

Abstract: This study examined the effect of a new Walmart store on nearby U.S. urban land prices and found that, within one quarter mile of a new Walmart store locale, land prices increased by almost 39% over the four†year development time period. Supercenters and commercial land sales were instrumental in driving the positive price effects. Robustness tests found a positive land price effect with other big†box stores, suggesting that the land price effect was not limited to Walmart stores, but in fact, was a big†box store effect.

Date: 2018
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