Submarkets with public transportation access have significantly stronger office fundamentals compared to those without transit, according to the Transit Served Market Report 2017. Vacancy in transit-accessible submarkets is 370 basis points lower than in non-accessible ones, while rents are 79.5 percent higher. And New York City has some new mass transit options that are opening up new geographies and submarkets.
Why does location matter?
If you’re an investor or developer seeking long-term holds,… Read More