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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…
Reports

Projecting Trends in Severely Cost-Burdened Renters: 2015–2025

Allison Charette, Chris Herbert, Andrew Jakabovics, Ellen Marya, Daniel McCue • September 21, 2015

This report shows that the number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1…