Study Points to Advantages of Walkability over Sprawl

Thursday, July 17, 2014

Metros found to have high walkable urbanism are models for the future development patterns of many of the largest 30 U.S. metros, according to Foot Traffic Ahead, a recent study from the Center for Real Estate and Urban Analysis at the George Washington University School of Business. For the metropolitan areas it ranks, the study analyzes high, moderate, tentative, and low walkability, and finds that the most walkable urban metros have substantially higher GDPs per capita and percentages of college graduates over 25 years of age in the populations. Also, walkable urban space commands a 74% rent-per-square-foot premium over rents in drivable suburban areas. And walkable urban development is not limited to cities – suburbs can benefit, as well. The authors suggest that this might be the trend that overtakes the suburban model.