The Rent is Too Darn High: Evidence from Washington, DC’s Capital Bikeshare Program Open Access Deposited
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Using data gathered by the District of Columbia, I measure the effects of housing prices in DC on the locations of Capital Bikeshare Stations. Since its operation in 2010, Bikeshare has grown rapidly in popularity among residents and tourists. I focused the influence of real estate values on the locations of Capital Bikeshare and found that land use values do have a significant effect on the location of Capital Bikeshare. Said effect is amplified when applied to Metrorail because of the market demand for real estate proximate to major heavy rail transit, which outweighs the demand for cycling in the District.