The American Public Transportation Association (APTA) will be releasing a joint study with the National Association of REALTORS (NAR) during its TRANSform Conference in New York City this month.
As part of a press event on Monday, Oct. 14, APTA will outline priorities that the public transportation industry is focused on, including investment, technology, and enhanced customer experience.
At the same time, APTA and NAR will release the joint study titled "The Real Estate Mantra – Locate Near Public Transportation". APTA and NAR leadership will discuss how local communities benefit from regional transit investment through the lens of a changing retail landscape, as well as other factors affecting property values for homes and businesses located near public transportation.
The study investigates seven metropolitan regions—Boston; Eugene, Oregon; Hartford, Connecticut; Los Angeles; Minneapolis-St. Paul; Phoenix; and Seattle—that provide access to light rail, commuter rail, and bus transit. According to APTA, the report found that residents from these regions typically do not own a vehicle, have better access to jobs, and experience lower transportation costs.
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SOURCE: APTA
