This article is a short introduction to the special issue. In this, we provide a brief commentary on the main papers and also set out why we have put this special issue on new directions together. Our aim has been to stimulate new thinking and ideas promoting new areas for future research in...

The impact of flood-risk on local employment has been almost entirely neglected in the empirical urban economics literature. This omission is particularly anomalous in the context of climate change. We extend the literature in four ways. First, we argue that competition for land between firms...

The Shanghai office market has developed rapidly over the past two decades. As a consequence of this development, two, apparently distinct, office submarkets, Puxi and Pudong have developed in central Shanghai. This raises the issue as to whether the Shanghai office market can be viewed as a...

The starting point for this paper is the argument that increased weight of money into commercial property in this decade has led to a convergence of UK provincial city office yields. The paper begins by reviewing the concept of a property yield cycle and the notion of a city risk premium, and...

There has been substantial house price inflation, particularly during the last decade, until the onset of the financial crisis. This price inflation has far exceeded growth in disposable incomes and has led to an increase in asset wealth. At the same time, mortgage lending rose, increasing...