Definition
Transit-oriented development concentrates dense residential, commercial, and mixed-use properties near public transportation. TOD maximizes transit utility through proximity to stations. TOD areas experience strong appreciation as transit systems strengthen, appealing to urban professionals.
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Transit-oriented development (TOD) maximizes public transportation utility through proximity to transit stations. TOD projects typically feature apartments, mixed-use buildings, and commercial spaces within walking distance of transit. TOD areas experience strong appreciation as urban centers strengthen transit systems. TOD appeals to urban professionals and those minimizing transportation costs.
Pro Tip
TOD properties near transit expansion projects offer strong appreciation potential. Invest ahead of service improvements.
Example
A TOD project with apartments, retail, and offices within two blocks of a rail station maximizes transit usage.