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A study of the 30 largest metropolitan areas in the United States found that walkable urban places (places developed for walkability and without prioritizing automobiles), perform better economically than sprawling suburban spaces, commanding roughly 75% higher rent over metro averages despite occupying less than one percent of the total land mass in these metro areas.

Hadden Loh, Tracy, Christopher B. Leinberger, and Jordan Chafetz. Foot Traffic Ahead. New York: Smart Growth America and the George Washington University School of Business, 2019. https://smartgrowthamerica.org/resources/foot-traffic-ahead-2019/?download=yes&key=46188795

Topics

Other economic, Trees, Traffic calming, Urbanization, Complete streets

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