Abstract This study identifies the influence of rapid rail systems on property values, with a focus on office buildings in South Africa. It is based on a limited sample of office properties, analysed using MRA to investigate pre-implementation values and rent to post-implementation data. It attempts to confirm if distance from the train stations influences these variables. Evidence is found that distance from the station does have a positive impact on rental levels and property values. The limited data-set, however, causes inadequate levels of statistical significance in some variables, arguably due to the small sample or model specification error due to information availability for research. The positive influence of rapid rail systems found on office values has important implications for property investors, developers, financiers and taxing authorities. This is important amidst a period of extension planning, whereby this research could provide useful information for decision-making and analysis and offers a valuable contribution to the methods to measure the impact of rapid rail systems on property values, although currently limited to office buildings. Furthermore, this research is contributing to the body of knowledge, especially in developing markets, where advanced public transport systems need to be implemented for the first time.

中文翻译：

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快速铁路系统对办公价值的影响：以南非为例

摘要这项研究确定了快速铁路系统对房地产价值的影响，重点是南非的办公楼。它基于有限的办公物业样本，并使用MRA分析以研究实施前的价值并租给实施后的数据。它试图确认距火车站的距离是否会影响这些变量。有证据表明，离车站的距离确实对租金水平和财产价值产生积极影响。但是，有限的数据集会导致某些变量的统计显着性水平不足，这可以说是由于研究信息的可获得性而导致的样本或模型规格误差较小。快速铁路系统对办公价值的积极影响对房地产投资者，开发商，金融家和税务机关。在一段时间的扩建计划中，这一点很重要，因为该研究可以为决策和分析提供有用的信息，并为测量快速铁路系统对房地产价值的影响的方法提供有价值的贡献，尽管目前仅限于办公楼。此外，这项研究正在促进知识体系的发展，特别是在新兴市场中，这是首次需要实施先进的公共交通系统的市场。