Walking in Boston is considered to be easy, and the city is on its way to becoming the most walkable city in the United States.
This is according to a new report from a Washington D.C.-based research group and George Washington University, Smart Growth America. The group looked at factors such as the amount of retail and office space that is friendly to visitors traveling on foot.
The report states, the top cities are: Washington D.C., New York, Boston, San Francisco and Chicago.
The report concludes that if current development trends hold, the most-walkable cities will be, in order: Boston, Washington D.C., New York, Miami and Atlanta.
The report’s executive summary states: “Walkable urban development is characterized by much higher density and a mix of diverse real estate types, connected to surrounding areas via multiple transportation options, such as bus and rail, bike routes, and motor vehicles. For those living or visiting a walkable urban place, everyday destinations, such as home, work, school, stores, and restaurants, are within walking distance.”
On top of walking in Boston being easy to do, Greater Boston’s retail real estate market qualifies as one of the country’s best bets among investors and property managers alike.
That’s according to a new report by real estate research firm Reis Inc., which said the region’s retail-property vacancy rate was 6.5 percent as of June 30, some 10 basis points better than where it was three months earlier.
Greater Boston’s relatively tight inventory for retail space is contributing to comparatively high rental rates.
For more Boston area real estate news, click the Boston Real Estate News link to your right under Boston Real Estate Categories for more.
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