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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…
Research Notes

Assessing Property Management for Affordable Housing

Marc Diaz • September 30, 2004

This research examines how nonprofit owners of affordable multifamily rental housing choose their approach to property management. It draws on existing literature on property…