Effects of Light and Commuter Rail Transit on Land Prices: Experiences in San Diego County

Robert Cervero

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

Abstract: Using hedonic price models, appreciable land-value premiums were found for multiple land uses in different rail corridors of San Diego County. The most appreciable benefits were for condominiums and single-family housing near commuter-rail stations in the north county, multi-family housing near light-rail stations, and commercial properties near downtown commuter-rail stations and light-rail stops in the Mission Valley. Elsewhere, commercial properties accrued small or even negative capitalization benefits. Pro-development policies, worsening traffic congestion, and a generally healthy economy are thought to have generally boosted land values in San Diego County, though impacts are corridor- and land-use specific.

Keywords: Social; and; Behavioral; Sciences (search for similar items in EconPapers)
Date: 2006-09-01
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Citations: View citations in EconPapers (6)

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