The University of North Texas (UNT) Economic Research Group released results of a 25-year-long study of the economic impact of transit-oriented development in North Texas on Thursday.
The group found that development within a quarter mile of DART light rail stations has generated $18.1 billion direct economic impact on North Texas over the past 25 years. This includes a $1.0 billion direct impact from 2022-2024.
The study also found that rent premiums in transit-oriented developments were 10% higher for residential and 12.6% higher for commercial rents than units more than a half-mile from the station…