The value of commute bus services is reflected in property prices
A recent article in the Wall Street Journal describes how the new wave of tech workers have different tastes from their predecessors, and choose to live in areas like the Mission and Noe Valley neighborhoods of San Francisco – with an easy commute by company-arranged buses to their place of work.
As the article points out:
“The hottest properties are near corporate shuttle bus stops—where employees for companies like Google, Facebook, Genentech, LinkedIn and Apple line up daily for the ride to Silicon Valley. Real-estate agent Amanda Jones calls it the “Shuttle Effect” and said proximity can command as much as a 20% premium. Some real-estate agents said they’re dying for a map of where the buses pick up. “When a listing gets deluged with people—that tells me it’s close to a stop,” said Ms. Jones”.
RidePal makes this type of commute benefit available to any company, not just the tech giants listed above – and the 20% premium on property demonstrates just how highly these sought-after workers value their commute benefits.