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.
Warwick, RI’s Intermodal Business Center was one of the new projects discussed at last month’s LOCUS LinkUp. Photo via City Center Warwick.
On November 20, 2014, real estate developers and local leaders came together at a LOCUS LinkUp to discuss new opportunities for building walkable neighborhoods in the greater Boston area.
LOCUS President Christopher Leinberger framed the day’s discussion with a preview of forthcoming research part of The WalkUp Wake Up Call: Boston, which will take an in-depth look at where future development will likely occur in the region. Boston is already home to some of the country’s most walkable places—LinkUp attendees got a sneak peak of how that trend will bear out in coming years.
For more than 50 years, the dominant development model in the United States has been the familiar ‘driveable suburban’ approach. Today however, a structural shift is underway in the real estate market as demand increases for walkable urban development – and the DC region is leading the way.
Now, LOCUS, in collaboration with the George Washington University School of Business and ULI Washington, is proud to announce a five-day executive education course this summer aimed at providing real estate professionals the tools they need to take advantage of this of this market transformation. The course, which will be held from June 10th to 14th in Washington DC, features an impressive line up of developers, elected officials, place managers and others at the forefront of transforming Washington D.C. into the nation’s leading market for walkable urban development.