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dc.contributor.advisorZhang, Ming, 1963 April 22-
dc.contributor.committeeMemberWegmann, Jake
dc.creatorHaque, Antora Mohsena
dc.date.accessioned2016-12-22T18:41:59Z
dc.date.accessioned2018-01-22T22:31:13Z
dc.date.available2016-12-22T18:41:59Z
dc.date.available2018-01-22T22:31:13Z
dc.date.issued2016-08
dc.date.submittedAugust 2016
dc.identifierdoi:10.15781/T2V698F9S
dc.identifier.urihttp://hdl.handle.net/2152/44022
dc.description.abstractThis research was undertaken to quantify the relationship between residential rent and proximity to light rail transit in Dallas, an auto-oriented city. This correlation is of importance to real estate developers and transportation planners as they seek to make the most efficient use of developable land and to decide on the allocation of funding for future transportation projects. This study shows that proximity to DART rail stations is associated with residential rent up to half mile radius area of the stations. Hedonic regression models in simple Ordinary Least Squares (OLS) and semi log form were used for the analysis. The semi log model showed that light rail stations have the strongest relationship with rent in the 0.1 mile to 0.2 mile distance buffer, where the rent/sq. ft. is 20.92% higher than for units between 0.4 and 0.5 miles distance from stations. After 0.2 miles distance from the stations, the rent starts to drop and continues to go down till 0.5 miles distance from a station. The simple OLS model showed similar results and according to this model within 0.1 to 0.2 mile buffer area the rent is 27.6 cents/sq. ft. higher than the rent/sq. ft. in the 0.4 to 0.5 mile buffer area. This result will help to manage the extent of investment in light rail in Dallas in the future.
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.subjectLRT
dc.subjectPublic transit
dc.subjectHousing unit
dc.subjectRental market
dc.subjectRent/sq. ft.
dc.subjectHedonic regression
dc.subjectProximity
dc.subjectRelationship
dc.subjectAssociation
dc.titleThe impact of light rail transit on residential rental market : case study of Dallas Area Rapid Transit
dc.typeThesis
dc.description.departmentCommunity and Regional Planning
dc.type.materialtext
dc.date.updated2016-12-22T18:41:59Z
dc.creator.orcid0000-0002-8160-5591


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