The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address

S Van Nieuwerburgh - Real Estate Economics, 2023 - Wiley Online Library
The covid‐19 pandemic induced a major shift in the prevalence of remote and hybrid work
arrangements. This review article studies the effects of this remote work revolution for …

Why working from home will stick

JM Barrero, N Bloom, SJ Davis - 2021 - nber.org
ABSTRACT COVID-19 drove a mass social experiment in working from home (WFH). We
survey more than 30,000 Americans over multiple waves to investigate whether WFH will …

Sustainable construction investment, real estate development, and COVID-19: a review of literature in the field

A Kaklauskas, EK Zavadskas, N Lepkova, S Raslanas… - Sustainability, 2021 - mdpi.com
Aspects of sustainable construction investment and real estate development (CIRED) and
their interrelations during the period pre-, intra-, and post-COVID-19, are presented in the …

COVID-19 effects on property markets: The pandemic decreases the implicit price of metro accessibility

L Yang, Y Liang, B He, Y Lu, Z Gou - Tunnelling and Underground Space …, 2022 - Elsevier
The metro (or underground railways) has become a backbone in the transit systems of many
cities. It has numerous externalities, such as ameliorating traffic congestion and enhancing …

The impact of the COVID-19 pandemic on the demand for density: Evidence from the US housing market

S Liu, Y Su - Economics letters, 2021 - Elsevier
We study the impact of the COVID-19 pandemic on the location demand for housing. We find
that the pandemic has led to a shift in housing demand away from neighborhoods with high …

COVID-19 moderates the association between to-metro and by-metro accessibility and house prices

L Yang, Y Liang, B He, H Yang, D Lin - Transportation Research Part D …, 2023 - Elsevier
Previous studies extensively examined the role of accessibility to metro in shaping house
prices but largely overlooked the contribution of accessibility by metro. In addition, limited …

[PDF][PDF] Work from home and the office real estate apocalypse

A Gupta, V Mittal, S Van Nieuwerburgh - 2022 - aeaweb.org
We show remote work led to large drops in lease revenues, occupancy, lease renewal rates,
and market rents in the commercial office sector. We revalue New York City office buildings …

JUE Insight: How do cities change when we work from home?

MJ Delventhal, E Kwon, A Parkhomenko - Journal of Urban Economics, 2022 - Elsevier
How would the shape of our cities change if there were a permanent increase in working
from home? We study this question using a quantitative model of the Los Angeles …

A new spatial hedonic equilibrium in the emerging work-from-home economy?

JK Brueckner, ME Kahn, GC Lin - American Economic Journal: Applied …, 2023 - aeaweb.org
This paper studies the impacts of work from home (WFH) in the housing market from both
intercity and intracity perspectives. Our results confirm the theoretical prediction that WFH …

JUE insight: Are city centers losing their appeal? Commercial real estate, urban spatial structure, and COVID-19

SS Rosenthal, WC Strange, JA Urrego - Journal of Urban Economics, 2022 - Elsevier
This paper estimates the value firms place on access to city centers and how this has
changed with COVID-19. Pre-COVID, across 89 US urban areas, commercial rent on newly …