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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

Using a Buyout Strategy to Make Houston More Resilient

Erica Vilay, Phil Pollman • July 9, 2020

The city of Houston could better protect and aid the approximately 18,000 people who live in the city’s repeated flood prone areas if it created an integrated home buyout…
Working Papers

Floodway Buyout Strategy for a Resilient Houston

Erica Vilay, Phil Pollman • July 9, 2020

Houston, Texas, America’s most diverse and fourth-largest city, is the most flooded city in the United States. Houston’s geography and urban planning make flooding and water…