the pro posed $300 million Copley Place mixed use development might have upon the housing market in the South End, Back Bay, Fenway and Bay Village, particularly on rents and property values. Overall, we believe the im 'pact of Copley Place upon residential rents and property values within the impact area will be modest, because the Copley Place demand element (11-15% of average annual demand) is relatively small compared to the total average annual demand element and also because it represents a very small percentage of the stock of housing within the impact area units). Further, the area has matured greatly since the Pru dential Center was constructed and is less likely to realize any ih duced impact from the project. In addition, the demand element within the impact area will be regulated to a large extent by the high housing prices within the area. Finally, the price of housing is a function of a great many variables as evidenced by our study of property values in the impact area, and inflationary forces, increased transportation costs and the increasing demand for real estate ownership (most recently for condominiums) are all likely to have a significant impact upon housing prices in the impact area. The largest impact upon the housing market as a result of Copley Place will occur outside of the impact area in neighborhoods where the prevailing rent structure is more commensurate with the salaries of the projects' employees, the majority of whom will be non-professional. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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