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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Blog

Identifying Decarbonization Strategies for Older Homes

Allison Hyatt • September 27, 2022

While energy consumption in new homes is decreasing thanks to stricter building codes, there is a dearth of performance standards for retrofits to older residences and those…