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5 <br />Caltrain is Supporting Local Economies <br />•Higher property values near stations <br />•Increased business activity and office demand <br />•Supports downtowns and local development <br />•Contributes to local tax bases across the corridor <br />Average rent per square foot refers to annual full service gross rents per square foot weighted by the building’s rentable building area.Source: Costar, 2018; Strategic Economics, 2019.