## 5 Discussion
### Location Accessibility Significantly Affects the Spatial Structure of the Station Area  
The most direct impact of the HSR station is an improvement in accessibility. The reduction in travel times brought about by the improved accessibility of the station area is the foundation for the formation of the station area spatial structure. The construction of the HSR station has improved accessibility and the image of the station area, stimulated local government investment, and attracted new industrial activity to the HSR station area, which can lead to large-scale gatherings of people, large-scale information sharing, and development of diversified industries, thus affecting the distribution and spatial layout of industries around the station. This generates the circular and multi-core spatial structure found in the station area. However, different transportation facilities have different effects on different industries, which affects the agglomeration and dispersion of those industries. \begin{table}
\begin{tabular}{c c c c c c c c} \hline \hline \multirow{2}{*}{**Variable**} & \multicolumn{2}{c}{**Accommodation**} & \multirow{2}{*}{**Real Estate**} & \multirow{2}{*}{**Construction**} & \multirow{2}{*}{**Transportation**} & \multirow{2}{*}{**Education**} & \multirow{2}{*}{**Finance**} & \multicolumn{1}{c}{**Residential**} \\  & & & & & & & & & \\ \hline \multirow{6}{*}{X1} & \(-0.035\) & \(-0.104\)*** & \(0.033\) & \(0.086\) & \(-0.058\) & \(-0.327\) & \(0.118\)* \\  & \(4.945\)*** & \(2.850\)*** & \(0.887\)*** & \(0.774\)*** & \(0.875\)*** & \(0.603\)*** & \(3.599\)*** \\  & \(0.015\) & \(0.540\)*** & \(-0.392\) & \(-0.288\) & \(0.110\) & \(1.642\)* & \(0.097\)** \\  & \(0.159\) & \(-0.107\) & \(0.069\) & \(-0.090\) & \(0.137\) & \(-0.37\) & \(0.197\) \\  & \(0.060\) & \(0.034\) & \(-0.075\) & \(-0.162\) & \(-0.119\) & \(-0.107\) & \(-0.105\) \\  & \(0.009\) & \(-0.132\) & \(-0.124\) & \(0.093\) & \(-0.012\) & \(-0.558\)* & \(0.067\) \\  & \(0.149\) & \(-0.465\)*** & \(0.406\) & \(0.155\) & \(-0.251\) & \(-0.941\)* & \(-0.293\)* \\  & \(0.726\) & \(0.164\) & \(1.070\) & \(0.775\) & \(0.674\) & \(0.713\) & \(-0.416\) \\  & \(0.181\) & \(0.294\)*** & \(-0.122\) & \(0.124\) & \(0.206\) & \(0.528\) & \(0.023\) \\  & \(0.111\) & \(0.145\) & \(0.993\) & \(0.235\) & \(0.249\) & \(0.136\) & \(0.187\) \\ \hline \hline \end{tabular}  
* Where *, **, and *** express significance at \(10\%\), \(5\%\), and \(1\%\).  
\end{table} 
Table 5: _Cont._Micro-Market Factors Are the Structural Mechanism That Affects the Spatial Structure of the Station Area  
Micro-market factors have an impact on the spatial structure of the station area through land rents and agglomeration economies. Land rent is the price paid by the land user for the land used or the land transfer price obtained by the landowner. The above analysis shows that the level of land rent is significantly negatively correlated with the industrial distribution. However, with the development and construction of the station area, the degree of its impact decreases. First, the implementation of a preferential rent policy in the station area attracts different types of industries to locate in that area. Through field research and social interviews, we found that, to support the development of Zhengzhou East railway station, the local government implemented a preferential rent policy to ensure the long-term industrial development of the area and to attract enterprises. Second, the spatial distribution of land rents determines the spatial distribution of different industries. From the field investigation, the land rent in the study area was found to be generally 3-5 yuan/day/square m, especially in Shenglong Square near the HSR station and Greenland Plaza, which attract a large number of industries that have formed a high-concentration area. The places with high land rents are concentrated around Greenland Xinduhui, the Huda Business Building, and the Henan Free Trade Zone, 1200-1500 m away from the HSR station area.