JLL: Walk-to-Rail Projects Rise Amid Strong Demand

JLL, Walk-to-Rail Projects, San Francisco, Bay Area, JLL Research, Strong Demand

JLL

  • Across the San Francisco Bay Area, the average direct rent for office space within a 10-minute walk to a train station was 30 percent higher than the average direct rent for office space located beyond a 10-minute walk to a train station.
  • Also, across the San Francisco Bay Area, total vacancy was, on average, three percentage points lower for office buildings within a 10-minute walk to a train station.
  • Over recent years cities have pushed for more transit-oriented developments in their general and specific plans amid an increasingly congested road network.

Source: JLL Research, ESRI

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