Despite hundreds of studies into the association between real estate value and proximity to fixed-route transit (FRT) systems, none has assessed the association with respect to express bus transit (XBT) stations/stops. Ours is the first to do so. Using a static, cross-section quasi-experimental research design, we evaluate CoStar multifamily (MF) rent per square foot to estimate the difference in rent with respect to proximity to XBT stations/stops. However, we are also interested in knowing whether there are synergistic price effects at the intersection of XBT and other FRT systems such as light rail transit (LRT). In this article, we estimate the MF rent premium with respect to XBT and LRT (XBT+LRT) station/stop proximity separately, rent premiums for combined XBT and LRT stations/stops and for those MF cases that are more than 1.0 mi beyond the nearest LRT station. In all cases, whether separately or combined with LRT stations or away from LRT stations, we find positive associations between MF rent and proximity to XBT stations/stops. However, we also find evidence of negative externalities at or near XBT, LRT, and XBT+LRT stations/stops. Express bus transit and land-use planning implications are offered.

尽管进行了数百项关于房地产价值与固定路线公交（FRT）系统邻近性之间关系的研究，但没有人评估过与快速公交（XBT）车站/站点的关系。我们是第一个这样做的人。使用静态横截面的准实验研究设计，我们评估每平方英尺CoStar多户住宅（MF）的租金，以评估就XBT车站/车站附近而言的租金差异。但是，我们也很想知道在XBT和其他FRT系统（例如轻轨交通（LRT））的交汇处是否存在协同的价格效应。在本文中，我们分别估计了XBT和LRT（XBT + LRT）站点/站点附近的MF租金溢价，XBT和LRT组合站点/站点以及超过1的那些MF案例的租金溢价。离最近的轻轨站0英里。在所有情况下，无论是与LRT站分开使用还是与LRT站结合使用，还是与LRT站分开使用，我们都发现MF租金与邻近XBT站/停靠站之间存在正相关关系。但是，我们还发现XBT，LRT和XBT + LRT站点/站点或其附近存在负外部性的证据。提供了快速公交和土地使用规划的含义。