Saturday, November 12, 2016

Saturday Stats: Rents are higher near the Shark Tank

There is a sometimes controversial theory that sports venues increase property values around them. A recent RentCafe study adds some legs to the connection. Based on their analysis, rents are on average 27% higher within a 2-mile radius of NHL arenas. San Jose in particular has 18% higher rents within this radius than the rest of the city.

This is not always the case. For example, rents are a 31% less near the Oakland Coliseum based on a similar study for NFL teams (Levi's Stadium shows up as 9% higher rent). For more info, hit the source link.

Source: RentCafe

1 comment:

  1. Probably has more to do with the fact that it is close to a Baby Bullet stop than anything else.