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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…
Working Papers

Aging in Place: Implications for Remodeling

Abbe Will • July 2, 2015

W15-4: The dramatic aging of the U.S. population in coming decades is expected to have important implications for the home remodeling industry. Of the over 25 million…