Christopher Leinberger, a professor at George Washington University School of Business and president of Locus, a national coalition of real estate developers and investors who advocate for sustainable, walk able urban development in metropolitan areas stated, “Walk able urban regions in the U.S. have a 41% high GDP over non-walk able regions.” His point being, “If a family can get rid of one car, they can increase their mortgage capacity by as much as $150,000.” In highly populated areas this makes a lot of sense and is very beneficial to buying real estate in a city setting.
Another great thing about these walk able areas is that they generate 4 times the tax revenue that regional and business malls generate which adds to the value of that area. These walk able areas provide a variety of financial benefits including more affordable living and more affordable transportation. Walk able urban places are about 5% less expensive when it comes to living expenses and transportation as opposed to non-walk able areas.
For more information about new trends and sustainable developments happening in the world of real estate here in the U.S. please click on the following link: Walk Able Urban Development: Realtor.org