A joint study by the American Public Transportation Association (APTA) and the National Association of Realtors (NAR) showed that neighborhoods located within a half-mile of public transit services improved both commercial and residential real estate market values.
“Access to public transportation is an extremely valuable community amenity,” a NAR vice president said.
Read on for more reaction from APTA on the report, which explored seven metropolitan regions that provide access to heavy rail, light rail, commuter rail and bus rapid transit.
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