Ahlfeldt, Gabriel M.; Mastro, Alexandra - London School of Economics (LSE) - 2012
This study investigates the willingness of homebuyers to pay for co-location with iconic architecture. Oak Park … unique in its focus on residential architecture. We find a premium of about 8.5% within 50-100m of the nearest Wright … building and about 5% within 50-250m. These results indicate that an external premium to iconic architecture does exist …