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      REGRESSION MODEL PREDICTING THE APPRAISED UNIT VALUE OF LAND IN SAN FRANCISCO COUNTY BASED ON LEED-NC PUBLIC TRANSPORTATION ACCESS CRITERIA

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          Abstract

          As the need for environmental certification systems grows, Leadership in Energy and Environmental Design for New Construction (LEED-NC) is being widely adopted in the US to evaluate the environmental performance of buildings. However, no research has been conducted to investigate its economic impact on appraised land value. The objectives of this study are to quantify the impact of the LEED-NC Credit Alternative Transportation: Public Transportation Access (PTA) in the sustainable sites category on appraised land value and to develop a regression model that predicts the appraised unit value of parcels. San Francisco County was chosen because of its well-organized transportation systems. First, a LEED-NC map was created to identify PTA-qualified parcels. Second, sample parcels were randomly selected. Last, Pearson's correlation analysis, one-way ANOVA, and multiple linear regression analysis were sequentially performed. The results of this study indicated that the LEED PTA criteria are significant factors associated with an increase in the appraised unit value of parcels within San Francisco County. The findings of this study can encourage real-estate developers to site their projects according to the LEED-NC PTA criteria.

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          Most cited references 5

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               B Joshi,  B JOSHI (2009)
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                Author and article information

                Journal
                jgrb
                Journal of Green Building
                College Publishing
                1552-6100
                1943-4618
                1943-4618
                Fall 2012
                : 7
                : 4
                : 130-143
                Author notes

                1Ph.D., Research Professor, Dept. of Architectural Engineering, Kyung Hee University, Suwon, Republic of Korea.

                2Ph.D., Assistant Professor, Dept. of Civil Engineering and Environmental Sciences.

                3D.E.D., Associate Professor, Dept. of Construction Science, Texas A&M University, College Station, TX, USA.

                4*Ph.D., Corresponding Author, Professor, Dept. of Architectural Engineering, Kyung Hee University, Suwon, Republic of Korea; E-mail: kimskuk@ 123456khu.ac.kr
                Article
                jgb.7.4.130
                10.3992/jgb.7.4.130
                ©2012 by College Publishing. All rights reserved.

                Volumes 1-7 of JOGB are open access and do not require permission for use, though proper citation should be given. To view the licenses, visit https://creativecommons.org/licenses/by-nc/4.0/

                Page count
                Pages: 14
                Product
                Categories
                RESEARCH ARTICLES

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