Xu T, Zhang M, Aditjandra PT. The impact of urban rail transit on commercial property value: New evidence from Wuhan, China. Transportation Research Part A: Policy and Practice 2016, 91, 223-235. Copyright: © 2016. This manuscript version is made available under the CC-BY-NC-ND 4.0 license DOI link to article: http://dx.doi.org/10.1016/j.tra.2016.06.026 Date deposited: 22/08/2016 Embargo release date: 12 January 2018 This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International licence Newcastle University ePrints - eprint.ncl.ac.uk The impact of urban rail transit on commercial property value: New Evidence from Wuhan, China TRA_2016_17 Revised Version Tao Xu* Ph.D. Candidate, Wuhan University 8 Donghu Road South, Wuhan, 430072, China Email:
[email protected] Phone:86-18627047213; Ming Zhang Associate Professor, The University of Texas at Austin 1 University Station, Stop 7500, Austin, TX 78712, USA Email:
[email protected] Phone:(512) 471-1922; FAX: (512) 471-0716; Paulus T. Aditjandra Research Associate, Newcastle University NewRail – Newcastle Centre for Railway Research, Stephenson Building, Newcastle upon Tyne, NE1 7RU, UK Email:
[email protected] Phone: +44 (191) 208 5997 *Corresponding Author 1 ABSTRACT: The interaction between rail transit and the urban property market is a vital foundation for planning transit-based policy such as Value Capture and Transit Oriented Development (TOD). Yet only few studies have reported the impact of transit access on commercial property value. This paper presents empirical evidence from Wuhan, China, to enrich the knowledge in the subject area.