Indiana’s Monon Trail raised nearby property values
Indiana’s Monon Trail is a “rail to trail” conversion that was very good for nearby property values. Homes within 1/2 mile of the trail sell for on average 11% more than those farther away.
Economic impacts of bicycle and pedestrian street improvements
Studied business corridors that received street redesigns in 6 different cities. Business results were often positive, but in a few cases had no impact. Overall, food service and retail sales improve as does employment in those sectors. These results hold in cases where parking was removed for bike lanes.
Love them or hate them, research offers financial case for big city bike lanes, CBC
Covers the studies demonstrating retail sales, jobs, and property value gains from bike lanes. Pulls from over two dozen different sources for stats and quotes.
Active Transportation and Real Estate, Urban Land Institute
Protected bike lanes are good for property values
Lessons from the Green Lanes: Evaluating Protected Bike Lanes in the US
Using video to count cyclists researchers found protected bike routes increased ridership from 21% - 171%. Survey data data indicates that 10% of those riders came from other modes of transportation. Overall 91% of survey respondents from all modes, e.g. cyclists, pedestrians, and drivers, agreed that separating bike traffic from cars was desirable. Both cyclists and pedestrians said they frequent businesses more often after the bike lanes were installed.
Measuring the street, NYC DOT
NYC DOT studied the impact of different redesigns on local businesses. The conclusion: protected bike lanes are good for business, maybe even great.