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Blog

Why Do Urban Storefronts Stay Empty for So Long?

Erica Moszkowski • May 25, 2023

Storefronts often remain empty for months or years at a time, even in some of the world’s highest-rent retail districts. Between 2015 and 2019, for example, empty storefronts…
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

Tenure Transitions Are More Common Than We Think

Kristin Perkins • October 3, 2018

Commonly-used measures of the homeownership rate generally describe aggregate trends consistent with the image of young households that start out as renters, become…
Blog

Family Instability… It’s Not Just Mom and Dad

Kristin Perkins • March 29, 2018

Children experience many changes in their households while they are growing up. But while we often think about divorcing and remarrying parents as common changes in household…