The Impacts Research Of Urban Transportation On Commercial Real Estate Price In Hangzhou

The commercial real estate come together at the district which makes a convenience of urban transportation generally, the excellent transportation enable to bring commercial real estate price to increase obviously. Commercial real estate price are highly sensitive to the condition of the transportation, an apartment is more convenient to transportation, the price is higher. Base on this background, it is imperative to analyze the quantified effects of urban transportation condition development on the adjacent property and to establish a complementary relationship between the development of urban transportation condition and the use of the adjacent land.The characteristics of urban transportation and the price of affected commercial real estate are analyzed based on the results of relevant analyses from domestic and international. According to the correlation of the two parties, the text classifies transportation factors which influence the price of commercial real estate detailed. The mechanism and effects on how and how much urban transportation boosts the price of commercial real estate along the street are analyzed highlighted. By using the results from the previous studies the strategy for development of urban transportation with commercial land use is proposed which is applicable in Hangzhou.The effects made by each Bus Rapid Transit station on the price fluctuation of peripheral commercial real estate are dissimilar in Hangzhou. By employing the proposed mathematics model of exponential decline, the result announced the sensitive region is bigger in outskirt than in center of the city.Urban railway transit is a convenient, fast, effective, environment-friendly urban infrastructure system that provides mass public transportation services, and it plays an active and key role on development of commercial real estate. Through researching the effects made by No. 1 subway on the commercial real estate price increase of the adjacent properties, the suggestions that integrated development of subway with commercial real estate and structure the urban composite transportation net are proposed.