Retail Proximity and Residential Values or Do Nearby Stores Really Run Down Property Values?

29 Pages Posted: 25 May 2007

See all articles by John Matthews

John Matthews

Georgia State University - Department of Public Administration & Urban Studies

Date Written: June 7, 2006

Abstract

Common knowledge tells us that locating retail sites near houses will run down the house's value. This common knowledge has lead to highly segregated land use patterns and automobile dependency. But, does locating near a store really adversely affect residential values. In this study we find that it is true for only very short distances - about 200 to 300 feet. After that, for about a quarter of a mile, proximity to stores - contrary to popular wisdom - actually increases residential value.

Suggested Citation

Matthews, John, Retail Proximity and Residential Values or Do Nearby Stores Really Run Down Property Values? (June 7, 2006). Andrew Young School of Policy Studies Research Paper Series No. 07-21. Available at SSRN: https://ssrn.com/abstract=989049 or http://dx.doi.org/10.2139/ssrn.989049

John Matthews (Contact Author)

Georgia State University - Department of Public Administration & Urban Studies ( email )

Andrew Young School of Policy Studies
Atlanta, GA 30303-3083
United States
404-413-0259 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
143
rank
198,805
Abstract Views
1,023
PlumX Metrics