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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

Building Inclusive Social Housing: Lessons from Bogota

Maria Atuesta, Diane Davis • October 1, 2019

Around the world, mayors and other urban officials confront significant obstacles when they try to use investments in social housing to help make their cities more inclusive…