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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…
Data, Reports

Improving America's Housing 2023

Harvard Joint Center for Housing Studies • March 23, 2023

Sparked by pandemic-induced changes in household routines and use of living space, home improvement and repair spending soared to new heights in 2022, reaching an estimated $…