C&W Research Key to Ground-Breaking 100% Land Use Analysis

Series of Studies Rank Urban WalkUPs by Economic & Social Performance Factors
By: Cushman & Wakefield
 
NEW YORK - March 13, 2015 - PRLog -- A think tank of America’s leading commercial real estate influencers, today released its results of the first-ever analysis of 100% of Boston metro’s land use, leveraging Cushman & Wakefield’s (C&W) proprietary market data to determine the city’s potential for WalkUPs – small amounts of walkable, urbanized land near housing, productive farms and public transit – that are crucial for Boston’s economy, and home to the region’s most dynamic industries.

Sustained investment in these “live/work/play communities” depends almost exclusively on successful public-private-partnerships.  According to Cushman & Wakefield’s latest urban development report, city governments, developers and businesses that partner to: enhance the overall experience of urban life; keep pace with population surges; reduce commute times; and attract millennial talent, will strengthen their positions as world-class cities.

The report was produced by the Center for Real Estate and Urban Analysis at the George Washington University School of Business;the Northeastern University Dukakis Center for Urban and Regional Policy; and the Metropolitan Area Planning Council, in conjunction with Cushman & Wakefield Americas Research and LOCUS: Responsible Real Estate Developers and Investors, a program of Smart Growth America.

This series of groundbreaking analyses began last year with Washington, DC, and  are designed to inform public policy by educating local governments about the land use potential for transit-oriented development in our nation’s urban metros. Boston’s study, the first to feature C&W’s research, cements a reversal of real estate development that has long followed the drivable suburban model by revealing the pent-up demand for these areas that, on a per-acre basis, generate 12 times the tax revenues as drivable sub-urban land.

“We already knew that Boston is America’s Walking City. What this research makes clear is that the market for walkable real estate in Boston is growing and offers value premiums over drivable suburban development,” said Robert Griffin, Cushman & Wakefield’s President of US Capital Markets, based in New England.  Griffin was a panelist at today’s Real Share Boston conference, where the results were officially released.

To see the full list of land use types, as well as the list of WalkUP economic and social equity rankings, download the report at www.smartgrowthamerica.org/walkup-boston.

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Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 248 offices in 58 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.

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Source:Cushman & Wakefield
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Tags:George Washington University, Urban, Boston, Market Research, Transit Oriented Development
Industry:Business, Research
Location:New York City - New York - United States
Subject:Reports
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