Public transportation has a significant impact on real estate values in San Francisco. Properties located near major transit hubs such as BART stations or Muni stops often command higher prices due to the convenience and accessibility they offer to residents. For example, a study conducted by the American Public Transportation Association found that residential properties within a half-mile radius of public transit stations had 4-24% higher median sale prices compared to properties located farther away.

Furthermore, access to public transportation can also increase the demand for commercial real estate in San Francisco. Retail spaces and office buildings located near transit lines are more attractive to businesses and employees who prioritize convenience and connectivity. This can lead to higher lease rates and property values in these areas.

References:

• American Public Transportation Association. (2013). The Real Estate Mantra - Locate Near Public Transportation. Retrieved from https://www.apta.com/wp-content/uploads/Resources/resources/reports_and_publications/Documents/APTA_Transit_Ridership_Real_Estate_Mantra.pdf
• San Francisco Municipal Transportation Agency. (n.d.). Transit-Oriented Development Program. Retrieved from https://www.sfmta.com/projects/transit-oriented-development-program