<i>Dissertation Summary:</i>This research empirically evaluates the extent of catchment zones for transit-oriented development (TOD) around light rail station areas using hedonic and spatial modeling techniques. Using a longitudinal approach, an assessment is conducted of how the real estate market capitalizes transit station proximity for retail and office land uses, as well as single-family and ...<i>Dissertation Summary:</i>This research empirically evaluates the extent of catchment zones for transit-oriented development (TOD) around light rail station areas using hedonic and spatial modeling techniques. Using a longitudinal approach, an assessment is conducted of how the real estate market capitalizes transit station proximity for retail and office land uses, as well as single-family and multi-family dwellings in Salt Lake County, Utah. The use of hierarchical linear modeling (HLM) allows for an understanding of how this value capitalization varies not only by land use type, but also by station location and typology. The results of this work may reframe the planning of TODs, often constrained to within a half-mile circle around transit stations. An understanding of if and how the value of transit access extends beyond this half-mile circle into surrounding areas will be gained. Implications will be offered for how transit station and land-use planning can be improved to take better advantage of market opportunities.See More
Project Details
Project Type:
Dissertation
Project Status:
Completed
End Date:
September 30, 2014
UTC Funding:
$7,500
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Petheram, S., Nelson, A., Miller, M., & Ewing, R. (2013). Use of the Real Estate Market to Establish Light Rail Station Catchment Areas: Case Study of Attached Residential Property Values in Salt Lake County, Utah, by Light Rail Station Distance. Transportation Research Record: Journal of the Transportation Research Board, (2357), 95-99. (PUBLICATION)