Completed homes → nearby rents

REDRAWN FROM STUDY DATAFigure 3 · Rents before and after the completion year

Figure 3 · Rents before and after the completion year. Values digitized from Figure 3; the one-year estimate is checked against the reported −1.6% result in the archived publication; minor reading error is possible.
Years relative to completion	Nearby existing rentals
−5	0.1
−4	0.15
−3	0.05
−2	0.1
−1	0
0	-0.25
+1	-0.55
+2	-0.9
+3	-1.25
+4	-1.55
+5	-1.8

Share the evidence

Existing rents decline after nearby high-rises are completed.

The completion event study shows little pre-trend and a growing negative rent effect afterward.

Source: Li (2022)
Figure: Figure 3 · Rents before and after the completion year · Figure 3; PDF p. 16
Redraw data: Values digitized from Figure 3; the one-year estimate is checked against the reported −1.6% result in the archived publication; minor reading error is possible.
Keep in mind: The study is hyperlocal, and its rental data omit many smaller buildings.

View values used in redraw

Values used to redraw Figure 3 · Rents before and after the completion year
Years relative to completion	Nearby existing rentals
−5	0.1
−4	0.15
−3	0.05
−2	0.1
−1	0
0	-0.25
+1	-0.55
+2	-0.9
+3	-1.25
+4	-1.55
+5	-1.8