The National Association of Realtors reported that public transportation can spur the development of real estate properties, especially in areas where the use of public transportation is high. In turn, property value increases over 150% where public transportation systems are available. Floridians use public transportation to commute to and from work, and many consider it a necessity when choosing a home. Brightline is providing a way for people to get where they need to go while supporting the real estate industry of Florida.
What Is Brightline
Brightline is a highspeed inner-city railway system that connects various parts of South Florida including Fort Lauderdale, Miami, and West Palm Beach. A stop in Orlando is expected to be added later this year. Tickets are well-priced, ranging from ten to thirty dollars, and they even offer discounts where riders can get tickets for five dollars.
Why Brightline Is Good For The Real Estate Industry
Statistics show that property value goes up if there is access to a reliable public transportation system like BrightLine. However, there is more to it. For public transportation to be beneficial it also must benefit highly populated areas where road congestion is an issue which is the case with Fort Lauderdale to Miami, where a typical two-hour commute is shortened to sixty-five minutes with BrightLine. This is a game-changer for the real estate industry since 62% of millennials and other generations consider public transportation an important factor when buying a house.
BrightLine is just one of the many reasons why you should make South Florida your home.