STUDY ON THE EFFECTS OF STREET SPACE DEVELOPMENT IN COMMERCIAL AREAS (PART 1) : AZABU-JUBAN AS AN EXAMPLE

Abstract

The effects of street space development in commercial spaces were analyzed from the following three aspects.

1. The causal relationship regarding the impact of street space development on land prices was examined using DAG.

2. I conducted a propensity score matching analysis to quantitatively analyze the effect of street space development on land prices. The effect of the development is immediate, with an initial effect of about 20%.

3. I analyzed the time series variation of the effects of street space development and found that the effects are maintained over the long term.