Abstract

In this paper, we assess the potential impact of walkability on commercial property sales prices in Omaha, Nebraska in the years during and following the “Great Recession.” Walkability was determined using Walk Scores provided by Walkscore.com; commercial property sale prices were acquired from the Douglas County, NE (the core county of the Omaha metro) Assessor’s Office. The relationship between commercial sales price and walkability between 2008 and 2018 was evaluated using a multiple linear regression model based on hedonic price theory. A variable to indicate time period (either 2008–2012 to denote “recession years” or 2013–2018 to denote “post-recession years”) was added to the model to investigate the potential impact of walkability on sales prices while controlling for the effect of the Great Recession. We observed a significant positive relationship between walkability and commercial property sales prices across all models.

摘要

在本文中，我们评估了“大萧条”期间和之后几年内布拉斯加州奥马哈市商业地产销售价格的步行可达性的潜在影响。步行性是使用 Walkscore.com 提供的步行分数确定的；商业地产销售价格是从内布拉斯加州道格拉斯县（奥马哈地铁的核心县）评估员办公室获得的。使用基于享乐价格理论的多元线性回归模型评估2008年至2018年商业销售价格与可步行性之间的关系。在模型中添加了一个表示时间段的变量（2008-2012 年表示“衰退年”或 2013-2018 年表示“衰退后年”），以调查步行性对销售价格的潜在影响，同时控制影响大萧条时期。