The non-linear impact of urban rail transit on commercial property prices: Based on a spatial heterogeneity perspective

• Published in: Applied geography (Sevenoaks) Vol. 171; p. 103385
• Main Authors: Zhang, Dan, Liu, Jingming, Liu, Kui, Zhang, Yao
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.10.2024
• Subjects: China; Commercial property price; geography; issues and policy; prices; rail transportation; Spatial heterogeneity; spatial variation; Submarket effect; Transit-oriented development; travel; Urban rail transit; China; Spatial heterogeneity; Commercial property price; Urban rail transit; Transit-oriented development; Submarket effect

Urban rail transit (URT) can boost population and business agglomeration, and increase premiums for surrounding properties. Commercial properties with an operational nature typically gain higher premiums and have the potential to capture value. However, the relationship between URT and commercial pr...