TY - JOUR
T1 - Employment density and agglomeration economies in tall buildings
AU - Liu, Crocker H.
AU - Rosenthal, Stuart S.
AU - Strange, William C.
N1 - Funding Information:
We thank Gabriel Ahlfeldt and two anonymous referees for very helpful comments. We also thank several commercial real estate organizations for providing us with offering memoranda. Rosenthal thanks the Center for Policy Research at Syracuse University. Strange acknowledges financial support from the Social Sciences and Humanities Research Council of Canada and the Center for Real Estate at the Rotman School of Management. Nuno Mota, Sherry Zhang, Jindong Pang, and Boqian Jiang provided excellent research assistance. Errors are the responsibility of the three authors.
Funding Information:
We thank Gabriel Ahlfeldt and two anonymous referees for very helpful comments. We also thank several commercial real estate organizations for providing us with offering memoranda. Rosenthal thanks the Center for Policy Research at Syracuse University. Strange acknowledges financial support from the Social Sciences and Humanities Research Council of Canada and the Center for Real Estate at the Rotman School of Management. Nuno Mota, Sherry Zhang, Jindong Pang, and Boqian Jiang provided excellent research assistance. Errors are the responsibility of the three authors.
Publisher Copyright:
© 2020 Elsevier B.V.
PY - 2020/9
Y1 - 2020/9
N2 - This paper examines vertical patterns of employment density and agglomeration economies within tall buildings. Theory suggests that vertical density should depend on the interplay of street access, height-related amenities, and productivity. Based on suite level data, we show that density patterns are u-shaped, with high density at ground level and high floors. Furthermore, factors associated with productivity, including nearby employment and firm-specific characteristics, have positive effects on employment density. Vertical density patterns are consistent with productivity spillovers that are strongest on a company's floor and attenuate rapidly with vertical distance. Similar evidence is obtained based on sales for law firms.
AB - This paper examines vertical patterns of employment density and agglomeration economies within tall buildings. Theory suggests that vertical density should depend on the interplay of street access, height-related amenities, and productivity. Based on suite level data, we show that density patterns are u-shaped, with high density at ground level and high floors. Furthermore, factors associated with productivity, including nearby employment and firm-specific characteristics, have positive effects on employment density. Vertical density patterns are consistent with productivity spillovers that are strongest on a company's floor and attenuate rapidly with vertical distance. Similar evidence is obtained based on sales for law firms.
KW - Agglomeration
KW - Commercial real estate
KW - Density
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U2 - 10.1016/j.regsciurbeco.2020.103555
DO - 10.1016/j.regsciurbeco.2020.103555
M3 - Article
AN - SCOPUS:85087114860
SN - 0166-0462
VL - 84
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
M1 - 103555
ER -