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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

Multifamily Rental Housing in the 21st Century

Kent Colton, Katherine Collignon • January 5, 2001

W01-1: This paper examines the most pressing issues related to multifamily rental (apartment) housing. It begins with a brief review of the benefits apartments bring to…