MAY 2015
CBRE RESEARCH
Transit oriented developments – The convergence of factors transforming cities
The rapid increase in urbanisation of populations has led to demonstrable advantages in standards of living, but has also created serious challenges in sustainability. Major urban centres are challenged by traffic congestion, distribution of employment versus residential choices, and travel times which impact productivity, as well as housing affordability and pollution.

Public transport, particularly rail infrastructure, represents major investment by Government and the private sector through Private Public Partnerships (PPP) and is critical in addressing the long term sustainability of cities. Rail corridors and transit stations enable “densification” which otherwise may not be acceptable to the community. This facilitates mixed-use of business, residential and retail-entertainment services accessible by rail and bus interchanges and through pedestrian linkages for the immediate occupants.
Transit oriented development (TOD) involves higher density mixed-use projects adjacent/integrated with transit stations. TOD is typically masterplanned to create effective interfaces with public transport services and high quality public domain servicing through
traffic and occupant population. Planned effectively, TOD brings revitalisation of underutilised precincts and significant economic and social benefits to the wider community. A successful TOD will achieve substantial mode shift from private vehicles to public transport, improve liveability and local employment opportunities.
 
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Wayne Redman
Head of Advisory,
Regional Director,
Structured Transactions
and Advisory Services
+61 2 9333 3598
wayne.redman@cbre.com.au
Stephen McNabb
Head of Research, Australia
+61 2 9333 3493
stephen.mcnabb@cbre.com.au
 
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