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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

Findings and Lessons from Two National Surveys of Landlords

Elizabeth Kneebone, Chris Herbert • September 29, 2021

The COVID-19 pandemic has resulted in profound economic hardship for the nation’s renters; the most recent Census Bureau Household Pulse Survey found that nearly 8 million…