Analysis on public transportation influences on real estate development in East Lansing

Abstract

The purpose for this article is to research the relationship between public transportation and real estate based on the area of East Lansing. Two methods are mainly used to analyze the data: correlation analysis and means analysis with the help of Statistical Package for the Social Sciences (SPSS) data analyzing software. There are two analysis results: (1) the real estate, which is closer to public transportation, will have higher value than that is far from public transportation, and (2) the number of bus in one bus stop has no obvious relation with the value of real estate. Based on these results, real estate developers could build residential real estate close to public transportation or bring public transportation in their real estate community by contract with transportation corporations. In sum, they should reasonably use public transportation as attractive features to convince people to prefer to their houses. © 2011 Wuhan University and Springer-Verlag Berlin Heidelberg.