Last week the LOCUS Leadership Summit: Opportunity Rising brought forward-thinking real estate developers and investors who are creating sustainable communities together with local elected officials and transportation and land-use planners. Here’s a short look back at what was caught live on Twitter at #LOCUSSummit2019.
Foot Traffic Ahead
Our new Foot Traffic Ahead report shows that walkable neighborhoods are in high demand in all of the country’s biggest metro areas but also massively undersupplied, leading to price premiums that make it a challenge for everyone to experience the benefits of living in them.
Smart Growth America/LOCUS today released Foot Traffic Ahead 2019, a report which ranks the 30 largest metros in the United States based on the percentage of office, retail and rental multi-family space each has in their walkable urban places. The report powerfully illustrates the price premiums investors and buyers are willing to pay to live or work in walkable, transit-connected neighborhoods—and why we urgently need to build more of them.
Today, we’re pleased to release the full list of WalkUPs analyzed in our recent report, Foot Traffic Ahead 2016.
There are 619 regionally significant, walkable urban places (or “WalkUPs”) in the nation’s 30 largest metro areas.
Foot Traffic Ahead 2016, released today by LOCUS in conjunction with the Center for Real Estate and Urban Analysis at the George Washington University School of Business, looked at all of them.
The new report ranks the country’s 30 largest metropolitan areas based on the amount of commercial and multi-family rental development in WalkUPs, and uses a series of forward-looking metrics to predict how walkable their future development might be. The research also uses social equity metrics like housing costs, transportation costs, and access to jobs to understand the relationship between walkability and social equity.
The research found that walkable urban market share growth in office and multi-family rental increased in all 30 metro areas between 2010-2015, while drivable sub-urban locations have lost market share.
Not surprisingly, New York City, Washington DC, Boston, Chicago, San Francisco, and Seattle ranked at the top of current areas for walkable urbanism. But the research points to other cities including Phoenix, Los Angeles, and metro Detroit as best-positioned for future growth of walkability given current efforts in those the communities.
Download the full report to see the full rankings, including which metros are getting the most out of their current development, which have the greatest momentum, and which rank the highest for social equity.
Across the country, demand is growing for walkable neighborhoods. Which cities are well-positioned to meet that demand, and which will miss the boat?
We asked these questions two years ago in Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros. That report, released in conjunction with the Center for Real Estate and Urban Analysis at the George Washington University School of Business, outlined which of the country’s metro areas are the most walkable today and which have the most potential to be walkable in the future.
Next month we’re going to revisit these questions and provide updated analysis in Foot Traffic Ahead 2016. Coming out on June 14, this brand new research will provide unparalleled insights into current and future smart growth development, including the latest rankings of the top 30 walkable urban places (or “WalkUPs”) in the nation’s largest metro areas based on their current and future commercial real estate metrics. Sign up to get your copy when the report comes out next month:
Looking forward to the real estate and local leaders networking opportunities at the upcoming LOCUS LinkUP in Boston, MA on November 20? Now, there’s even more to be excited about.
Representatives from LOCUS and the Center for Real Estate and Urban Analysis at The George Washington University (GWU) will provide an update to attendees on their ongoing research of Walkable Urban Places (WalkUPs) across the metropolitan Boston area. This presentation will give developers unique insight into where New England’s next walkable places will be built.
The new Boston research to be presented builds on the growing body of work on Walkable Urban Places that LOCUS and The George Washington University have pioneered. Earlier this year, the two partnered to release Foot Traffic Ahead, a report by LOCUS President Christopher Leinberger ranking metropolitan areas by current and future walkable urbanism. In that report, the Boston metropolitan area ranked third.
Photo via the George Washington University’s Center for Real Estate and Urban Analysis. Smart Growth America will join ULI Washington’s third annual Walkable Urban Places Conference on Tuesday, September 16, 2014 in Washington, DC, and we want to see you there. The day-long conversation about housing affordability in revitalizing neighborhoods will dive into the complexity … Continued
The report ranks the country’s top 30 metropolitan areas based on the amount of commercial development in Walkable Urban Places (WalkUPs) and is written by the Center for Real Estate and Urban Analysis at George Washington University School of Business in conjunction with LOCUS: Responsible Real Estate Developers and Investors.