Walkable Communities Thrive Economically

By Pepe Royo,

By Michael Fenner, Tuesday, 10 July 2012 – 1:53pm

Walkable communities tend to be better off economically than communities that are not pedestrian friendly, according to an economic analysis by Brookings Institution. In its analysis of several neighborhoods in the Washington, D.C. area, researchers found that office, residential and retail rents, retail revenues and for-sale residential values rose as the number of environmental features that facilitate walkability increase.