The Prudential Center, Part I: Its Direct Impact On Boston / Part Ii: Its Effect On the Surrounding Area Pt. 2
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In our eReader you can find the full English version of the book. Read The Prudential Center, Part I: Its Direct Impact On Boston / Part Ii: Its Effect On the Surrounding Area Pt. 2 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Prudential Center, Part I: Its Direct Impact On Boston / Part Ii: Its Effect On the Surrounding Area Pt. 2
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This was partially controlled for by the fact that most parcels in the Back Bay have uniform coverage.
-4- Market Value The most reliable indicator of the value of property in a particular area is actual sales data. Downtown properties increased in value from an average of $2.27 per square foot per story in 1956 to $5.53 in 1962 and to $8.15 in 1968. In the area just north of the Prudential Center, the comparable figures were $2.52, $7.15, and $8.74. This suggests that these two areas have chan...ged to approximately the same degree, although at a slightly different rate. For a period of time in the early 1960 's, the property just north of the Prudential Center was significantly more expensive than property downtown, but the difference is now rather small.
Property value to the south of the Prudential Center was $1.16 per square foot per story in 1956, and it increased to $3.74 in 1962 and $5.67 in 1968. It is likely that the change in value south of the center reflects the changes which have occurred in the South End section of Boston and residential rents in general rather than increased demand caused by the Prudential Center.
What to read after The Prudential Center, Part I: Its Direct Impact On Boston / Part Ii: Its Effect On the Surrounding Area Pt. 2?
You can find similar books in the "Read Also" column, or choose other free books by Boston Redevelopment Authority to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This was partially controlled for by the fact that most parcels in the Back Bay have uniform coverage.
-4- Market Value The most reliable indicator of the value of property in a particular area is actual sales data. Downtown properties increased in value from an average of $2.27 per square foot per story in 1956 to $5.53 in 1962 and to $8.15 in 1968. In the area just north of the Prudential Center, the comparable figures were $2.52, $7.15, and $8.74. This suggests that these two areas have chan...ged to approximately the same degree, although at a slightly different rate. For a period of time in the early 1960 's, the property just north of the Prudential Center was significantly more expensive than property downtown, but the difference is now rather small.
Property value to the south of the Prudential Center was $1.16 per square foot per story in 1956, and it increased to $3.74 in 1962 and $5.67 in 1968. It is likely that the change in value south of the center reflects the changes which have occurred in the South End section of Boston and residential rents in general rather than increased demand caused by the Prudential Center.
What to read after The Prudential Center, Part I: Its Direct Impact On Boston / Part Ii: Its Effect On the Surrounding Area Pt. 2?
You can find similar books in the "Read Also" column, or choose other free books by Boston Redevelopment Authority to read onlineMoreLess
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