Characteristics of the indoor environmental quality directly impact humans’ ability to lead healthy and productive lives. We estimated the effects of changes in indoor air quality (namely through indoor ventilation rates and carbon dioxide levels) on health, performance, and productivity...

In this study, we estimate the degree and scope of PM2.5-induced negative price shock in Korea’s local housing markets, taking a 2SLS hedonic approach. For the analysis, we constructed a 5-year panel data set of Korea’s 110 city and county level municipalities between 2012 and 2016, and...

In this paper, we investigate how subway expansions have impacted the geographic concentration of consumer amenities within four global cities, namely Santiago, Singapore, Barcelona and São Paulo. Thereby, we delve into which neighborhoods benefit more and which suffer deficits from improved...

The emergence of human health and well-being concerns provide market differentiation opportunities for real estate companies globally. Our paper examines the market adoption of healthy office buildings by looking into how a healthy office building is defined and measured in the marketplace. What...

Taking São Paulo as our case study, we present causal inference that the construction of avenues and arterial roads crossing the urbanized area and connecting suburban and peripheral neighborhoods have generated urban expansion, extending the city’s urban footprint of the fastest growing city...

We explore the potential of incorporating accessibility analysis in studying the impact of subway expansions on the real estate market. We first demonstrate that using increases in accessibility to firms as a continuous treatment variable instead of its binary alternative, the station-dummy...

Scientific findings suggest that sea level rise (SLR) is imposing a serious threat to the sustainability of coastal communities, but the evidence is mixed as to whether the market adequately prices the risk. In this paper, we leverage a novel source of identification—plausibly random...

This study examines the influence of Asian immigrants on housing price appreciation, distinguishing between the effects of education and non-education factors, based on US county-level data (2009 - 2018). To address potential endogeneity concerns, instrumental variables are employed to account...

While a theoretically consistent cost of flooding is a welfare loss from the event, most existing estimates are based on direct and insured damage because of measurement challenges. In this paper, we leverage temporal and spatial variations in the occurrence of High-tide flooding (HTF), highly...

Property owners are facing increasing pressure from regulators, investors, and tenants to reduce building greenhouse emissions, particularly in large cities. Decarbonizing real estate requires costly investments for property owners, that tend to be recouped with the increase in property...