We are pleased to announce our new feature. In definition, isochrone refers to a map that shows the area that is accessible within a certain time. Our urban research team used the General Transit Feed Specification data and the ESRI data to generate isochrones for both transit and driving. Turn on the "Isochrone" option in our layer drop-down list to check it out. By simply clicking one census tract and the transportation mode you are interested in, you would be able to view the isochrone.
The isochrone also has some attributes associated with accessibility. We provide the number of jobs and retail shops (e.g. grocery, restaurants, cafes, bars, and Starbucks) accessible within a certain amount of time for each transportation mode. You are able to check the following;
Where can you travel by transit within 20, 40, and 60 minutes?
Where can you travel by driving within 15 and 30 minutes?
Number of jobs accessible
Number of retails (grocery, restaurants, cafes, bars, and Starbucks) accessible
Number of schools accessible
The example below shows the isochrone for transit modes when you click one of the census tracts located in the Korea Town in Los Angeles. What we can see is that the accessibility level of transit modes could differ even with the same euclidian distance.
The map below shows the isochrone for the driving mode. You can see the isochrones are formed mainly throughout the highway lines. In addition, we expect the map to inform investors about the traffic congestion level around each census tract.
How can I relate it to my interest?
Accessibility is truly an important factor that determines the price of real estate. What you can learn from our new feature is all about accessibility. You can leverage the power of our new feature by using it with different features such as major employment centers, retail corridors, as well as the location of grocery stores, restaurants, cafes, and bars. Here are some fruit for thoughts you may consider:
Does this area has higher accessibility levels compared to other regions?
Does this area have access to major employment center(s)? How many jobs and what types of jobs are in the employment center?
Does this area have access to retail corridors?
Does this area have access to high-end grocery stores such as Wholefoods?
Keep posted
The isochrones for transit will be updated whenever we receive a notification that the General Transit Feed Specification data is updated. For the driving mode, we will update it twice a year to reflect changes in traffic levels.
Q & A?
Jay Ha
Head of Urban Research
Doctoral student in Urban Planning at USC
Do you find our new feature interesting? Do you have any other components you wish to explore in our Market Stadium platform? Please feel free to reach out Jay (jay@marketstadium.com)
If you want to sign up for Trial:
Go to www.marketstadium.com and Hit "Try a Demo"
Send us an Email to dennis@marketstadium.com