What is a Transit Score?
Transit score is a measure of how convenient it is to access public transportation from a particular location. It is a measure of the availability and frequency of public transit options, such as buses, trains, and subways, in the immediate area around a property.
In real estate, transit score is often used as a way to evaluate the accessibility and convenience of a property for those who rely on public transportation. It is an important factor to consider for both residential and commercial properties, as it can affect the desirability and value of the property.
Transit score is typically measured on a scale of 0 to 100, with higher scores indicating better access to public transportation. It is calculated using data on the proximity and frequency of public transit options and is intended to give potential buyers or tenants an idea of the convenience of accessing public transportation from a particular location.
Throughout my career as a commercial real estate agent, I've worked with many entrepreneurs to help them identify, analyze, negotiate and secure a commercial space that best aligns with the needs of their business. If you're a business owner in Louisville, KY or its surrounding areas, I'd be happy to help guide you through the process! Feel free to call/text me at (502) 536-7315 or email me at email@example.com.