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Table 1 Selected studies on the impact of rail transit on commercial properties

From: Impact of rail transit station proximity to commercial property prices: utilizing big data in urban real estate

Authors

Location

Rail type

Measure of property value

Findings

Cervero and Duncan [22]

Santa Clara County, USA

LRT and commuter rail

Hedonic price

LRT station contributes to the increase of commercial land values on average by more than US$ 4

Kim and Zhang [16]

Seoul, Korea

MRT

Hedonic price

The transit station located near CBD has a premium of US$7.54/meter

Mohammad, Graham, & Melo [17]

Dubai, UAE

MRT

Hedonic price and difference – in – difference (DID)

The impact of metro on the value of commercials within 701 to 900 m is 76%

Zhang and Xu [23]

Wuhan, China

MRT

Hedonic price

Commercial property gained the highest value compared to other types of properties concentrate of 300 m from transit station about 14.7%

Seo, Salon, Kuby, & Golub [14]

Arizona, USA

LRT

Hedonic price

Light rail stations have a positive impact on commercial property values