?WHY IS
RENT HIGH?
New apartments → nearby rentsNearby rents fall after large apartment buildings open.
Both comparison strategies turn negative after treatment; the vertical bars show uncertainty.
REDRAWN FROM STUDY DATAFigure 2 · Rent event studies
Figure 2 · Rent event studies. Values digitized from Figure 2 in the archived publication; minor reading error is possible.| Years relative to opening | Near–far comparison | Near–near comparison |
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| −3 | 0.01 | 0.02 |
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| −2 | 0 | -0.01 |
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| −1 | 0 | 0 |
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| 0 | -0.05 | -0.045 |
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| +1 | -0.065 | -0.06 |
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| +2 | -0.055 | -0.05 |
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| +3 | -0.05 | -0.075 |
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