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Commercial Realty Prices Soar Near Mass Transit

As traffic becomes more tangled, commercial real estate within 1½ miles of mass transit is seen as more valuable, observers say.

“This is a major shift that’s going to affect everything,” said W. Allen Morris, chairman and CEO of the Allen Morris Company. “Access to all forms of mass transit is very important for both residential urban properties and office space. People want to live and work near transit.”

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