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
