PRICING TRENDS AND WALKABILITY
- Piggy-backing on our recent analysis of Boston's most walkable neighborhoods, the chart below highlights Real Capital Analytics' new walkability index, which aims to better determine commercial property values.
- Based on the analysis, pricing in "highly walkable" urban and suburban areas has seen far more appreciation than in less walkable locations – particularly within the last year or so.
- This rings true in Boston, where the average price per square foot for downtown office buildings surpassed $500 in 2014.
Source: Real Capital Analytics