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Blog

The Insurance Crisis Continues to Weigh on Homeowners

Steve Koller • December 9, 2024

Insurance has grabbed headlines lately for good reason. As home prices remain elevated at historically high levels, rising insurance premiums are also contributing to the…
Blog

Why Do Urban Storefronts Stay Empty for So Long?

Erica Moszkowski • May 25, 2023

Storefronts often remain empty for months or years at a time, even in some of the world’s highest-rent retail districts. Between 2015 and 2019, for example, empty storefronts…
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…