For the first time, the next generation of Americans is projected to be less healthy with shorter life spans than our generation. The concept of promoting health and well being through better built environments is starting to take shape in communities everywhere.
“Walkability” is a term used to describe destination communities: walkable, bike-able to schools, groceries, medical, retail, etc. Fact: 89% of citizens prefer walkable communities.
Key findings: Walkable urban real estate commercial product in the 30 largest metros commands a 72% rent-per-square-foot premium over rents in drive-able suburban communities. The most walkable urban metro areas have substantially higher GDP than other communities.
Most walkable communities: New York City, DC, Boston. Surprisingly, despite higher rent premiums, these communities also have higher social equity. This is a reemerging trend in America.
For more information go to www.realtor.org and search “walkability.” Request your copy of On Common Ground magazine or download it online.