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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

Strategies for Responding to Gentrification

Joe Kriesberg • June 4, 2018

  As more and more communities across the country experience gentrification—and others fear its imminent arrival—community developers are struggling to find ways to respond.…