There are few better than Chris Leinberger (quoted in the post immediately below) at coming up with clever coinage. His latest?
The WalkUP – Walkable Urban Places.
Leinberger is research professor of urban real estate at the George Washington University School of Business – and an experienced developer in his own right. Here’s his latest study:
.
In the first regional, comprehensive study of mixed-use urban centers … Leinberger examines 43 WalkUPs in the Washington, DC, region, most of which have been created in the last two decades.
Although they only occupy 1-2 percent of the Washington, DC land area, they account for 29 percent of the income-producing property and they generate tax revenues far out of proportion to the land they consume. Since 1990, WalkUPs have steadily gained a larger share of commercial development in the region….
“This shift is extremely good news for the beleaguered real estate industry and the economy as a whole,” he says. “It will put a foundation under the economy as well as government tax revenues, much like drivable sub-urban development benefited the economy and selected jurisdictions in the second half of the 20th century.”
Now we are talking, oh I mean walking.
Sandy