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The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address

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  • Stijn Van Nieuwerburgh

Abstract

The covid‐19 pandemic induced a major shift in the prevalence of remote and hybrid work arrangements. This review article studies the effects of this remote work revolution for residential and commercial real estate values and for the future of cities. It also discusses consequences for productivity, innovation, local public finance, and the climate. The last part of the article discusses policy interventions.

Suggested Citation

  • Stijn Van Nieuwerburgh, 2023. "The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(1), pages 7-48, January.
    • Handle: RePEc:bla:reesec:v:51:y:2023:i:1:p:7-48
    DOI: 10.1111/1540-6229.12422
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    Cited by:

    1. Meriem Naimi Ait-Aoudia & Samira Khettab & Oumelkheir Boukratem, 2024. "Urban Uses Put To The Test By The Covid-19 Pandemic: A Literature Review And Evidence From Algeria," Post-Print hal-04629281, HAL.
    2. Behrens, Kristian & Kichko, Sergei & Thisse, Jacques-Francois, 2024. "Working from home: Too much of a good thing?," Regional Science and Urban Economics, Elsevier, vol. 105(C).
    3. Gilles Duranton & Jessie Handbury, 2023. "COVID and Cities, Thus Far," Economic Policy Review, Federal Reserve Bank of New York, vol. 29(2), pages 6-52, October.
    4. Astorquiza-Bustos, Bilver Adrian & Quintero-Peña, Jose Wilmar, 2023. "Who can work from home? A remote working index for an emerging economy," Telecommunications Policy, Elsevier, vol. 47(10).
    5. Matteo Crosignani & Saketh Prazad, 2024. "Extend-and-Pretend in the U.S. CRE Market," Staff Reports 1130, Federal Reserve Bank of New York.
    6. Chun, Hyunbae & Kwon, Eunjee & Yang, Dongyun, 2024. "The rise of e-commerce and generational consumption inequality: Evidence from COVID-19 in South Korea," Regional Science and Urban Economics, Elsevier, vol. 104(C).

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