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.
|Original language||English (US)|
|Journal||Regional Science and Urban Economics|
|State||Published - Sep 2020|
- Commercial real estate
ASJC Scopus subject areas
- Economics and Econometrics
- Urban Studies