Dynamic Simulation Dynamic Simulation of Real Estate Development and Land Prices Within an Integrated Land Use and Transportation Model System

Topics:
Regulations
Tags:
Business Operations,
Real Estate,
Transportation,
UrbanSim
Source:
UrbanSim

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Overview: This paper reports on the design, specification and empirical results of a discrete choice real estate development model and a hedonic regression land price model for the Greater Wasatch Front Area of Utah, using 150 by 150 meter grid cells as units of analysis. The real estate development and land price models are components of the UrbanSim model system, in which, they interact with demand model components for residential location and employment location. Parcel data were geo-coded to grid cells, classified into composite development types, and the year of construction used to generate a chronology of development within each cell.

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Format: PDF | Size: 1,002KB | Date: Dec 2002 | Pages: 21

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