The Value of Access to Highways and Light Rail Transit: Evidence for Industrial and Office Firms-Reference-Cited by-同舟云学术

The Value of Access to Highways and Light Rail Transit: Evidence for Industrial and Office Firms

Published:2005-04 Issue:4 Volume:42 Page:751-764
ISSN:0042-0980
Container-title:Urban Studies
language:en
Short-container-title:Urban Studies

Author:

Ryan Sherry¹

Affiliation:

1. School of Public Administration and Urban Studies, City Planning Program, San Diego State University, 5500 Campanile Drive, San Diego, CA 92182-4505, USA,

Abstract

This research examines the importance of access to light rail transit and highway systems in estimating office and industrial property rents. The analysis improves our understanding of the role played by transport facilities in locational decisions for the firm. Hedonic price analysis is utilised on longitudinal data for 520 office properties and 500 industrial properties collected from the San Diego metropolitan area over the period from 1986 to 1995. Results indicate that access to highways is a significant factor in estimating office property rents in the San Diego area, while access to light rail systems is not significant for office properties. Industrial firms in the San Diego area are not paying rent premiums to locate near highways or light rail transit.

Publisher

SAGE Publications

Subject

Urban Studies,Environmental Science (miscellaneous)

Link

http://journals.sagepub.com/doi/pdf/10.1080/00420980500060350

Reference28 articles.

1. Determinants of Location for General Purpose Office Firms within Medium Size Cities*

2. The demand for industrial sites in a metropolitan area: Theory, empirical evidence, and policy implications

3. The Monocentric Model and Employment Location

4. Office Rent in the Chicago CBD

Cited by 70 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Transportation, decentralization, and path dependence: How did the old tramway shape Shanghai, China?;Explorations in Economic History;2024-10

2. The heterogeneous effects of dockless bike-sharing usage intensity on house prices near subway stations;Travel Behaviour and Society;2024-07

3. An integrated causal framework to evaluate uplift value with an example on change in public transport supply;Transportation Research Part E: Logistics and Transportation Review;2024-05

4. Subjective vs. objective assessment of the economic impacts of light rail transit: The case of G:Link in Gold Coast, Australia;Journal of Transport Geography;2024-05

5. The Impact of the Flight to Quality on Office Rents and Vacancy Rates in Tokyo;Real Estate Management and Valuation;2024-04-27