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Sign in Sign up for a FREE subscriptionNew York City named number 1 for most walkable urban real estate
New York City has the highest current ranking of metro regions with the most walkable urban real estate, according to research released at the Smart Growth America/LOCUS National Leadership Summit, which was conducted by the Center for Real Estate and Urban Analysis (CRUEA) at the George Washington University School of Business, in partnership with Cushman & Wakefield, Smart Growth America/LOCUS, and Yardi Matrix.
Rounding out the remaining top five spots were Denver (second), Boston (third), Washington, D.C. (fourth), and Chicago (fifth).
The key findings include:
Income-producing real estate (office, retail and rental housing) in walkable urban places has a 75 percent per square foot rent premium over the balance of the metro area income real estate. Walkable urban absorption in the largest m