This paper focuses on two specific waterfront revitalization projects: The Docklands (London, Great Britain) and Minato Mirai 21 (Yokohama, Japan). The paper examines the projects from two vantage points: (1) the contributions and achievements of the private sector towards waterfront...

Midtown Manhattan is the largest business district in the country. Yet only a few miles to the south is another district centered at Wall Street. This paper aims to understand when and why midtown emerged. We have created a new data set from historical New York City directories that provide the...

Drawing on theoretical and empirical studies on hotel location, as well as on enquires into the specificities of contemporary suburbanization, the article investigates the drives, directions and consequences of the dispersal of hotels into the suburban areas of large historic cities, with an...

The article examines the link between the office market and labour market in Germany. In a first step the number of office employees is calculated by referring to occupational labour market statistics. Using a panel analysis with data for the biggest five German metropolises it is shown that...

An enormous increase of initial rents in many German cities over the last decade has prompted the current grand coalition to implement a new rent control called "Mietpreisbremse" in 2015 (literally a brake on rental prices). This reform aims to stop exploding rents and to provide particularly...

Are coastal cities adjusting to rising sea levels? This paper argues that large-scale events have the potential to ignite the process. We examine the effects of hurricane Sandy on the New York City housing market. We assemble a large plot-level dataset with rich geographic data on housing sales...

We study the economic effects of place-based policies in the housing market taking into account search frictions. Theory indicates that beneficial policies increase house prices, but temporarily reduce sales times of owner-occupied properties. We investigate both effects for a place-based...

Die Richtlinie über Wohnimmobilienkreditverträge für Verbraucher wurde bei ihrer Umsetzung in deutsches Recht um neue Regelungen zur Kreditwürdigkeitsprüfung ergänzt. Die 'außergewöhnliche' Geldpolitik der Europäischen Zentralbank ist für den Immobilienmarkt mit Gefahren verbunden,...

Gewerbeimmobilien stellen eine wichtige Anlageklasse für Investoren dar und bestimmen zu einem maßgeblichen Anteil die Kostenstruktur von Unternehmen. Eine effiziente Marktbeobachtung von Gewerbeimmobilien ist aufgrund der eingeschränkten Datenverfügbarkeit bisher nur bedingt möglich. Vor...