Does Working-From-Home Reshape the Urban Morphology? Early Evidence From Rental Gradient Analysis in Auckland
Since the outbreak of COVID-19, work-from-home (WFH) and e-commerce have become much more common in many cities. Many news reports have contended that households are leaving city centres and moving into bigger and better houses in the suburbs or rural areas. This emerging trend has been redefining the traditional theory of residential location choices. Proximity to CBD is no longer the most critical consideration in choosing one’s residence. WFH and e-commerce flatten the traditional bid rent curve from the city centre. This study is one of the earliest attempts to identify the pandemic’s impact on house rents by applying a rental gradient analysis to compare the pre-and post-COVID-19 periods in Auckland. We examined micro-level housing rental listings in 242 suburbs of the Auckland Region from January 2013 to December 2021 (108 months) and found that the hedonic price gradient models suggest that there has been a trend of rental gradient flattening and that its extent was almost doubled in 2021. Rents are also found to be increasing more in lower-density suburbs. The results imply that the pandemic has accelerated the trend of WFH and ecommerce. We also scrutinised this WFH trend as a robustness check by utilising micro-level household census data from the Integrated Data Infrastructure (IDI) of Statistics New Zealand. We further discuss whether the trend will be a transient phenomenon or a long-term shift
Year of publication: |
2022
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Authors: | Cheung, Ka Shing ; Yiu, Edward Chung Yim ; Wong, Daniel |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
Extent: | 1 Online-Ressource (21 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 26, 2022 erstellt |
Other identifiers: | 10.2139/ssrn.4229198 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014239458
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