Humber/Ontario Real Estate Course 1 Exam Practice

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How does proximity to public transit influence the value of commercial office space?

  1. It decreases value due to increased traffic

  2. It is not a significant factor in valuation

  3. It increases desirability and potentially the value

  4. It only affects residential properties

  5. It necessitates additional zoning permits

  6. It exclusively impacts industrial properties

The correct answer is: It increases desirability and potentially the value

Proximity to public transit can have a significant positive impact on the value of commercial office space because it increases desirability. Easy access to public transportation can attract more potential tenants and customers to the area, making the location more convenient and appealing. This convenience may result in higher demand for office space in that area, potentially increasing its value.

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