The value of open space

Sunday, May 15, 2005

Building quality, connected places represents one of the central challenges of economic development in the years ahead. A growing number of studies are showing that quality open spaces in urban areas will increase property values.

Here's an example from Chicago. Based on sales data, prospective home buyers are willing to pay on average $100 a square foot more for a house in an area with easy access to a park compared to other, nearby areas. Read more.

posted by Ed Morrison |

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