Urban Economics and Real Estate Markets

Klappentext

Urban Economics and Real Estate Markets, Second Edition is a fully reimagined update of a pioneering text, designed to provide a comprehensive understanding of the economic forces shaping cities and real estate markets.

The book combines economic theory with real-world data and applications to analyze city economies and the operation of residential, commercial, industrial, and retail real estate markets, as well as the role of government. This new edition reflects profound changes over the past three decades, including the housing boom and global financial crisis, the COVID-19 pandemic, and rapid technological advances with the growth of the ubiquitous internet, big data, e-commerce, and remote work. Incorporating new data sources and the latest research, it remains grounded in foundational urban economic models. By blending established theory with contemporary issues and evidence, the book offers a rigorous, up-to-date framework for understanding the evolving dynamics of cities and real estate markets, acknowledging emerging challenges like climate change, shifting work patterns, and the potential impact of artificial intelligence.

This book is targeted at undergraduate and graduate classes in urban economics and real estate as well as real estate, planning, finance and public sector professionals.

Inhalt

1. Real Estate Markets. 2. The Urban Land Market: Rent and Prices. 3. The Urban Housing Market: Density and Structural Attributes. 4. Central Business Districts, Firm Location and Urban Form. 5. Retail Stores, Malls and eCommerce. 6. Urban Transportation Systems. 7. Local Governments, Property Taxes and Capitalization. 8. Local Government Regulation of Land and Development. 9. Real Estate Markets and Regional Growth: Systems of Cities. 10. The Market for Housing Units. 11. Housing Transactions, Development and Supply. 12. Commercial Property Markets. 13. Time Series Analysis of Metropolitan Property Markets. 14. Sources of Real Estate Market Volatility.