Existing rents decline after nearby high-rises are completed.

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

FROM THE PAPERFigure 3 · Rents before and after the completion year

Source: Li (2022) · Figure 3; PDF p. 16

Keep in mind: The study is hyperlocal, and its rental data omit many smaller buildings.

Share the evidence

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
Keep in mind: The study is hyperlocal, and its rental data omit many smaller buildings.

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