| Id | 2850 | |
| Author | Yao M.-F.; Qin Y.-C.; Shi L.; Zhan X.-D. | |
| Title | Commercial Premium Effect of Suburban Railroad Station Area from Urban Design Perspective; 城市设计视角下的市郊铁路站域商业溢价效应研究 | |
| Reference | Yao M.-F.; Qin Y.-C.; Shi L.; Zhan X.-D. Commercial Premium Effect of Suburban Railroad Station Area from Urban Design Perspective; 城市设计视角下的市郊铁路站域商业溢价效应研究 ,Jiaotong Yunshu Xitong Gongcheng Yu Xinxi/Journal of Transportation Systems Engineering and Information Technology 22 5 |
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| Keywords | Economics; Light rail transit; Railroad stations; Regression analysis; Urban growth; Commercial facilities; Cost-benefits analysis; Econometric regression models; Premium effect; Rail transit; Rail transit stations; Spatial econometric regression model; Spatial econometrics; Suburban rail transit; Transportation economies; Cost benefit analysis |
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| Link to article | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85148934754&doi=10.16097%2fj.cnki.1009-6744.2022.05.005&partnerID=40&md5=43928a783d58e61c6497f9b23086663f |
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| Abstract | Station-city integration helps to increase the land value-added effect of rail transit station area. The current research on the effect of station-city integration design on commercial premiums is mainly on the macro level. This paper investigates the mechanism of the premium effect on the rent of commercial facilities in the station area and the effect of joint station-city development on the premium effect from a micro perspective. A spatial panel econometric model is developed to improve the classical characteristic price method and a cost-benefit analysis is performed. The Odakyu Odawara line of a suburban railroad in Japan is used as an example for the analysis. The results show that the premium value-added of suburban railroad station commercial facilities is significantly related to the type of combined station-city facilities, the combination method and the walkability factor, but weakly related to the location factor. The trend of commercial premium value-added within 500 meters of the station fluctuates non-linearly and peaks in the range of 100~200 meters. The results of the cost-benefit valuation analysis based on Kairaomyo station verify that a reasonable design of the combined station-city facilities can effectively enhance the proximity of commercial facilities to the station, thus promoting the premium effect and helping quickly feeding the construction cost of the rail transit station with positive revenue in the short term. The results of the study can provide a quantitative reference for planning and design decisions. © 2022 Science Press. All rights reserved. |
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