"Neighborhoods located within a half mile of public transit services outperformed those in areas farther from public transit based on a number of factors, according to a report released today by the American Public Transportation Association and the National Association of Realtors. 'The Real Estate Mantra — Locate Near Public Transportation' highlighted the critical role public transportation plays in determining real estate values, revealing that commercial and residential real estate market sales thrive when residents have mobility options close by."
Tag: public transportation
Consumers turned to public transportation in a big way during the recent recession. The slow return to normal employment levels and the high prices for gas have been factors in keeping readership high. Public transportation agencies are rolling out new marketing tools to keep riders on board as the economy recovers.