Building near light rails

[Tom Bukacek]

Has anyone seen appreciation building or buying property that is near a proposed light rail? I know some cities are building them (as is the case now in Texas) and some investors are claiming that light rails will improve appreciation. Has anyone seen this to be true?

[Anson Young]

Here in denver there has been higher appreciation around the light rail stations. Great for college kids catching the train down to campus, great for people catching the train to work, etc. There was a recent (of course I cant find it now) article where people were willing to pay more for rent around light rail stations and it shows. Rents are generally higher around light rail here.

Once it catches on, it will be really big in your area. We have about 2-3 lines expanding currently up and down our highway lines, and to the airport (if you have been here, you know its about 10-20 miles outside most suburbs,etc.)