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Jobs grow faster in rail-accessible locations: 67.3 percent of the increase in Philadelphia’s regional jobs occurred within 0.75 miles of a rail station 2005-2015

• JLL defined 0.75 radii around the region’s SEPTA and PATCO stations to quantify rail-accessible jobs across Greater Philadelphia. The share of jobs in rail-served locations has grown from 45.2 percent in 2005 to 46.7 percent in 2015. This shift is thanks to the majority of the change in regional jobs – 67.3 percent – occurring within transit-served locations since 2005. Rail-served locations have seen double the job growth of less accessible locations: there are 118,654 more jobs in transit-accessible places (an 11 percent increase) than there were a decade ago. Jobs outside of rail-served locations are up by 57,654, or 4.4 percent.

• The recent AmerisourceBergen news in Conshohocken and growth in Philadelphia both point to the value that employers see in multimodal locations. As work and travel habits continue to shift, transit agencies will need to invest in the user experience to retain ridership on the existing system, particularly in a region like Philadelphia where there is little planned in the way of expansion. The region’s most advanced proposal, an extension to serve King of Prussia, would enable that submarket to intensify its growth. 

Source: JLL Research, U.S. Census Bureau

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