Craft breweries increase residential property values
Tuesday, March 26, 2019 - 06:10
in Mathematics & Economics
The craft brewery boom is good for home values. Using Charlotte, North Carolina, as a case study, researchers at the University of Toledo and the University of North Carolina at Charlotte found that craft breweries have a positive impact on residential property values. Condominiums in center-city neighborhoods show a nearly 3 percent increase on sales price after a brewery opened within a half mile. Single family homes in center-city neighborhoods saw a nearly 10 percent increase after a brewery opened within a half mile.