Everyone knows that walking more is good health, outlook and research is turning up that shows it’s especially healthy for retailers looking to increase sales.
This is a lengthy article regarding the subject, and it’s well worth reading through to understand the dynamics and consider your strategy if you are a retailer. For planners and others, it offers the opportunity to create what is termed “seamless” experience from the street to the shop.
“Commercial properties in walkable urban locations pay off, with a higher value of 40% to 140% per SF over a drivable suburban product; additionally, rents are 20% to 100% higher, according to land-use strategist, professor, real estate developer and researcher Christopher Leinberger.”
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