Transit-oriented developments (TODs) are becoming an essential aspect of urban renewal and a key contributor to sustainability and real estate optimisation, according to a new report from Colliers, The Value in Transit-Oriented Developments.

Defined as a mixed-use development close to high-traffic transit points, combining residential, retail, office, and open space amid a walkable environment, TODs represent a solution to merge all types of traffic into a live-work-play lifestyle. Often, successful TODs promote an increase in public-transit usage and can help alleviate urban sprawl by increasing the variety and density of amenities available through mixed-land use.

Such trends in transit usage often contribute to an increase in urban redevelopment as many successful TODs reutilised low-efficiency lan