Effects of Walk Score on the Sales of Food Service Business

This study was written to examine the effects of walk score on the sales of food service business. The dependent variable was the sales of food service business, while the independent variable was walk score. Control variables included the characteristics of trade areas and their accessibility. The analysis method utilized the spatial regression model and the analysis unit was the trade area in Seoul. The result showed that the walk score had a significantly positive (+) effect on the sale of the food service business. In addition, the factors that could raise sales covered the sales from those in their 20s and 30s, shopping mall density, the number of subway station entrances, the number of bus stops and the accessibility to the city center. This study explored the relationship between commercial real estates and walk scores which has not been much studied and conducted an empirical analysis by applying walk score from abroad to the economy in domestic markets.