A new study titled Business Performance in Walkable Shopping Areas found that walking shopping areas have a potential to prosper due to demographics, increased gas prices, public policies encouraging higher densities and changing life-style preferences.
The study consisted of a meta-analysis of 70 studies and articles. The author also conducted an exploratory study of 15 walkable shopping areas judged as successful to examine the sources of success.
Other key findings from the study include:
The study evidence suggests that walkable retail is on the upswing, and likely to grow over the next several decades.
Click here to read the full study results.
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