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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

Strong Cities, Strong Communities

Erika Poethig • October 15, 2012

From time to time, Housing Perspectives will feature posts by guest bloggers.  We are pleased that the first was written by Erika Poethig, Acting Assistant Secretary for…