Rosenthal cited in Financial Post article on commercial real estate
February 12, 2021
A recent paper co-authored by Professor Stuart Rosenthal was cited in the Financial Post article, "Why the automobile has become a kingmaker for downtown commercial real estate." The authors' empirical analysis of 56,765 commercial leases signed between January 2019 and October 2020 across 109 urban centers in the United States revealed that commercial real estate in the urban core, especially in cities where public transit accounts for a sizable share of work trips, has indeed lost value.
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