1 hr ago
Orris Infrastructure Proposes Time Saved as Real Estate Metric
Orris Infrastructure says a home’s value may involve more than its size.
The location of a home can affect how much time people spend travelling each day.
A nearby school could make the school run shorter.
A close hospital could reduce travel time during important visits.
Shops in the neighbourhood could make errands easier.
A shorter commute could leave people with more free time.
Easy access to an expressway could help with longer trips across a city.
The article suggests measuring this benefit as the amount of time an address gives back each day.
Orris Infrastructure suggests measuring homes by daily time saved as well as square footage.
Shorter school runs, commutes, hospital trips, and shopping journeys could improve quality of life.
Access to nearby everyday services is presented as a potential source of long-term value.
Faster routes to work and expressways may also contribute to a property’s practical appeal.
The proposed metric asks how much time a home’s location gives back to residents each day.
- Who
- Orris Infrastructure, which proposes a new way to think about real estate value.
- What
- The article proposes measuring homes partly by the minutes they save residents each day.
- Where
- Urban neighbourhoods and cities, including travel within and across a city.
- When
- Why
- Because nearby services, shorter commutes, and better transport access can affect residents’ quality of life and may represent value not captured by price per square foot.
Key facts
- Proposed metric
- Time saved per day
- Traditional metric referenced
- Price per square foot
- Examples of time savings
- School runs, hospital trips, shopping, commuting, and cross-city travel
- Location benefits
- Nearby services and easier access to expressways
- Potential outcome
- Improved quality of life
- Central question
- How much time does an address give back to residents?
Sources
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