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Table 12-5. Property value increases near BART stations (1997 dollars) Central business Land use type Distance from BART station (ft) district/Urban Suburban Single family Per Unit Per Unit 0-500 $48,960 $9,140 500-1,000 $14,400 $7,930 1,000-1,500 $8,640 $3,040 2,000-2,500 $5,760 $5,500 Multifamily Per unit/month Per unit/month 0-1,300 $50,00 $42.30 1,300-2,500 $0.00 $0.00 Offices Per sq ft/month Per sq ft/month 0-1,300 $0.13 $0.00 1,300-2,000 $0.07 $0.28 2,000-2,500 $0.00 $0.00 Retail Per sq ft/month Per sq ft/month 0-500 $0.07 $0.24 500-1,000 $0.00 $0.24 1,000-2,500 $0.00 $0.00 Note: This table summarizes how property values change with proximity to Bay Area Rapid Transit (BART) stations. Source: Cambridge Systematics 1998. RESOURCES 1) Cambridge Systematics, Inc. 1998. Economic Impact Analysis of Transit Investments: Guidebook for Practitioners. Transit Cooperative Research Program Report 35, Transportation Research Board, National Research Council. Available at http://www4.trb.org/trb/crp.nsf/. This comprehensive guidebook describes various technical methods for measuring the economic impacts of transit investments, including changes in adjacent property values. It also includes a summary of research on the increases in property values found near BART stations in the San Francisco Bay Area. 2) Sources of property value information: · DataQuick, Inc. is a provider of real estate and land data. The Web site is http://www.dataquick.com/. · Domain is a look-up Web site that provides sales information by location. Available at http://www.domania.com/. 289