Thinking Outside the (Half-Mile) Circle: Using the Real Estate Market to Establish Variations in Light Rail Station Catchment Areas

This research empirically evaluates the extent of catchment zones for transit-oriented development (TOD) around light rail station areas using hedonic and spatial modeling techniques. Using a longitudinal approach, an assessment is conducted of how the real estate market capitalizes transit station proximity for retail and office land uses, as well as single-family and multi-family dwellings in Salt Lake County, Utah. The use of hierarchical linear modeling (HLM) allows for an understanding of how this value capitalization varies not only by land use type, but also by station location and typology. The results of this work may reframe the planning of TODs, often constrained to within a half-mile circle around transit stations. An understanding of if and how the value of transit access extends beyond this half-mile circle into surrounding areas will be gained. Implications will be offered for how transit station and land-use planning can be improved to take better advantage of market opportunities.

Language

• English

Project

• Status: Completed
• Funding: $7500.00
• Contract Numbers:

  NITC 722

• Sponsor Organizations:

  Research and Innovative Technology Administration

  University Transportation Centers Program
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590

  University of Utah, Salt Lake City

  Salt Lake City, UT  United States 
• Project Managers:

  Hagedorn, Hau

• Performing Organizations:

  University of Utah, Salt Lake City

  Salt Lake City, UT  United States 
• Principal Investigators:

  Petheram, Susan

• Start Date: 20120101
• Expected Completion Date: 0
• Actual Completion Date: 20140630
• Source Data: RiP Project 35916

Subject/Index Terms

• TRT Terms: Land use; Land use planning; Light rail transit; Location; Rail transit stations; Real property; Transit oriented development
• Geographic Terms: Salt Lake County (Utah)
• Subject Areas: Economics; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01503187
• Record Type: Research project
• Source Agency: National Institute for Transportation and Communities
• Contract Numbers: NITC 722
• Files: UTC, RIP
• Created Date: Jan 4 2014 1:00AM