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.
The end of sprawl is in sight. For perhaps the first time in 60 years, walkable urban places (WalkUPs) in all 30 of the largest metros are gaining market share over their drivable sub-urban competition—and showing substantially higher rental premiums.
Foot Traffic Ahead: 2016 shows that metros with the highest levels of walkable urbanism are also the most educated and wealthy (as measured by GDP per capita)— and, surprisingly, the most socially equitable.
Metropolitan Boston is poised to be one of the most walkable metro areas in the country. This is one of the exciting findings of The WalkUP Wake-Up Call: Boston, a new report unveiled in Boston today at LOCUS’s first-ever New England Leadership Summit.
The new research defines—for the first time—the form and function of all land use in metropolitan Boston’s 3,100 square miles, identifying 57 regionally significant walkable urban places (or “WalkUPs”) in metro Boston and ranking them based on economic performance, measured by the real estate valuations for each product type and the fiscal revenues generated for local governments, and by social equity performance, measured by accessibility, opportunity, and affordability for residents. Looking ahead to future opportunities, the report also identifies emerging and potential WalkUPs where new development could go.
As shown by substantial and increasing real estate valuation premiums in all real estate product types (office, hotel, rental apartment, retail, and for-sale residential), the report found strong and growing signs of pent-up demand for walkable urban neighborhoods in the Boston area—marking a reversal in real estate development that has long followed the drivable suburban model. Even more remarkable is the fact that these WalkUPs, account for just 6% of the total land area in the Boston metro region.
Walkable real estate development projects and places are on the rise nationwide. Over the past year, LOCUS has looked at how these trends are playing out in Atlanta and Washington, DC.
On March 11, we’ll reveal new analysis of which walkable urban places—or “walkUPs”—are changing the real estate landscape in another major American city: Boston.
The WalkUP Wake-Up Call: Boston will, for the first time ever, analyze the different forms and economic use of all land use across metro Boston and rank Boston-area communities based on economic and social equity metrics.
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.
LOCUS President Christopher Leinberger speaking at last year’s event.
Real estate professionals, advocates and academics are invited to join LOCUS, the George Washington University Center for Real Estate and Urban Analysis and ULI Washington for a day-long event exploring how to develop walkable urban projects and how to implement the strategies for place management in walkable urban places.
Atlanta’s Little Five Points Neighborhood. Photo via Flickr.
Walkable urban development is now the primary real estate market in one of the nation’s most unlikely regions: metropolitan Atlanta, GA.
That’s according to The WalkUP Wake-Up Call: Atlanta, a new report released today and authored by Christopher Leinberger, President of Smart Growth America’s LOCUS coalition of real estate developers and investors.
Christopher Leinberger, President of LOCUS, presenting new research at George Washington University.
We’re doing a special blog series highlighting some of Smart Growth America’s favorite accomplishments from 2012. This is the third of twelve installments.
In the past year, Smart Growth America has conducted new research and created new resources for our allies in the field.
In March, we released From Vacancy to Vibrancy, a guide to redeveloping underground storage tank sites through area-wide planning. The guide provides an overview of the tools and strategies available to leaders who want to transform vacant properties with hazardous underground storage tanks into economic and community assets, setting the stage for redevelopment and revitalization of brownfields. This guide is a valuable tool for any town or city that is looking to redevelop their vacant brownfields and help their economies and communities thrive.