Arthur C. Nelson, Ph.D., FAICP, Metropolitan Research Center, University of Utah with support from National Center for Transportation & Communities Reno, NV December 6, 2013 Residential values with respect to light rail station distance TRAX case study Job and population change with respect to street car distance Portland streetcar case study Bus Rapid Transit and employment growth Land County, Oregon Case Study Forthcoming BRT research NAICS Code 22 23 31-33 42 44-45 48-49 51 52 53 54 55 56 61 62 71 72 81 92 NAICS Sector Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance Real Estate Professional Management Administrative Education Health Care Arts, Ent., Rec. Lodging, Food Other Services Public Admin Total Jobs Within Jobs Within 0.25 Mile 0.25 Mile of EmX of EmX Station, Station, 2004 2010 475 513 643 520 813 465 427 269 1,769 1,844 484 517 1,133 1,557 1,285 1,447 442 488 2,366 2,221 291 633 1,320 2,042 1,015 1,249 7,751 9,095 826 707 2,615 2,919 621 717 3,461 3,379 27,737 30,582 Change in Jobs, 2004-2010 8% -19% -43% -37% 4% 7% 37% 13% 10% -6% 118% 55% 23% 17% -14% 12% 15% -2% 10% Jobs Between 0.25 and 0.50 Mile of EmX Station, 2004 91 400 293 584 1,039 52 450 422 177 861 98 1,514 258 920 43 1,113 269 488 9,072 Jobs Between 0.25 and 0.50 Mile of EmX Station, 2010 136 314 174 499 1,073 135 389 524 182 811 75 1,031 303 1,395 99 1,099 294 552 9,085 Change in Jobs, 2004-2010 49% -22% -41% -15% 3% 160% -14% 24% 3% -6% -23% -32% 17% 52% 130% -1% 9% 13% 0% Source: Nelson et al., Metropolitan Research Center, University of Utah. Jobs Balance of Metro Area, 2004 151 5,696 18,690 5,313 14,551 2,608 1,550 2,105 1,947 2,751 1,631 5,456 13,983 9,363 1,421 7,445 4,009 1,361 100,031 Jobs Balance of Metro Area, 2010 183 4,696 11,685 4,742 14,021 2,260 1,360 1,766 1,516 2,597 1,733 4,441 15,800 12,102 1,526 8,341 3,926 2,084 94,779 Change in Jobs, 2004-2010 21% -18% -37% -11% -4% -13% -12% -16% -22% -6% 6% -19% 13% 29% 7% 12% -2% 53% -5% BRT outcomes so soon are a surprise (for me). Success attributable to “planning for success” by locating stations at current/planned high-demand locations. It is one design among many flavors will results hold up under different designs? Will lagging sectors rebound at BR stations? Will results hold for ½ mile rail-transit areas? Are there any induced jobs or just resorting? Will people also follow BRT or is it just jobs? More research needed but outcomes appear promising. Arthur C. Nelson et al. (2013), Bus Rapid Transit and Economic Development: Case Study of the Eugene-Springfield BRT System. Journal of Public Transportation, Vol. 16, No. 3: 41-57 To be presented to Transportation Research Board, 2014 Arthur C. Nelson et al. targeted for Journal of Public Transportation. In theory higher density housing should be more valuable the closer it is to transit stations. Only one study evaluates price differences per square foot in apartment values within ½ mile of heavy-rail stations compared to farther away. No study evaluates the value gradient with respect to transit station distance. 17 municipalities; 6 unincorporated communities Population: 1.03 million (2010 Census) 4 Light Rail Lines 41 Stations 35 miles of track Image: saltlakebusads.com •Income •Household Size •Race/Ethnicity Distance to TRAX •CBD •Freeway Exit •Schools •Shopping Neighborhood Attributes Location Attributes Structural Characteristics Value per square foot of Rental Space •Bldg. Area •Units •Property Tax Rate •Nearest station in ¼ mile bands to 1-1/2 mile Up to ¼ mile 7.276* ¼ to ½ mile Mean value: $87/ft2 3.628* ½ to ¾ mile 4.739* ¾ to 1 mile 3.621* 1 to 1¼ mile 3.647* 1¼ to 1½ mile *Significant p-value 1.678 Over 1½ mile reference Presented to Transportation Research Board, 2013. Susan J. Petheram, Arthur C. Nelson, et al. (2013). Using the Real Estate Market to Establish Light Rail Station Catchment Areas: Case Study of Attached Residential Property Values in Salt Lake County with respect to Light Rail Station Distance. Transportation Research Record LINEAR MODEL within .25 mile of LR .25 to .5 mile to LR .5 to .75 mile to LR .75 to 1 mile to LR 1 to 1.25 mile to LR Model R Squared: Attached SF B Sig. 20.62888 0.000 12.80735 0.001 7.71434 0.001 9.86059 0.000 1.08688 0.590 0.563 To be presented to Transportation Research Board, 2014 Susan J. Petheram, Arthur C. Nelson, et al., targeted to Transportation Research A. Ranked #1 for funding by NITC National study of all 19 BRT systems in place in 2011. Quasi-experimental compare-and-contrast research design to compare jobs, population and households, and housing units before and after BRT implementation relative to a control corridor and within the metropolitan context. Spatial regression analysis to evaluate the relationship between BRT and employment controlling for socioeconomic, location and other factors. Hedonic analysis to compare market differences in terms of nonresidential and apartment residential rents and vacancy rates with respect to BRT station proximity, and whether there are variations with respect to BRT flavor. Jobs-housing balance analysis will tie together the residential and non-residential analyses. 2010 census blocks within one-eighth mile buffers, out to two miles. Census, Longitudinal Employer-Household Dynamics, CoStar data