Transit Hubs: A Growing Lure for Developers

The New York Times recently published an article about how attractive transit hubs are for developers. Rents for office space near transit can be 80% more than rents not located near transit. As our work with Urban 3 has shown, development in these areas also produce wealth for our communities and realize other social and environmental benefits. UCP has been working to encourage appropriate development in the SMART station areas. With service scheduled to begin soon we hope development will follow in these areas to create people-oriented neighborhoods around the train stations.

 

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