Smart Growth Breaking News

Bike Lanes Correlated with Increased Property Values

Several cities in North America are seeing a correlation between higher real estate prices and proximity to bike lanes, according to a recent article in Atlanta Curbed. Vancouver, Canada reported that 65 percent of real estate agents used new bikeways as a selling feature for area homes. Pittsburgh found that bike lanes not only influenced residential real estate activity, but ignited commercial and business activity as well. And North Carolina real estate agents found that homes adjacent to an area bikeway saw property values at least $5,000 higher than homes in nearby areas not adjacent to bikeways.
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News, NATIONAL –  Aug. 22, 2013

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