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BART Access and Office Building Performance

John Landis and David Loutzenheiser

University of California Transportation Center, Working Papers from University of California Transportation Center

Abstract: This paper addresses the question of whether office buildings near BART stations command higher rents or achieve higher occupancy levels than their more distant competitors. Contemporary urban economics suggests that they should: that office buildings near transit stations should have a competitive advantage over more distant buildings, and that such advantages should translate into higher rents, higher occupancy rates, and ultimately higher building values. Contrasted with this view is that of the commercial real estate broker, that mass transit accessibility is one of many building features which, depending on current market conditions, may or may not be rewarded in the marketplace.

Keywords: Social; and; Behavioral; Sciences (search for similar items in EconPapers)
Date: 1995-09-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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