Regional Variations in the Relationship Between Accessibility to Shopping Facilities and Land Prices in Suburban Areas

This study investigates regional variations in the relationship between accessibility of shopping facilities and land prices. The analysis distinguishes between large-scale commercial complexes and smaller retail outlets, such as supermarkets and convenience stores. The results indicate that the impact of proximity to large-scale commercial complexes on land prices varies across regions and, in some cases, exceeds the effect of proximity to the nearest station. Furthermore, the analysis reveals that the positive impact of improved walkability to supermarkets and convenience stores on land prices is particularly significant in areas adjacent to large-scale commercial complexes and in car-dependent regions.