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The floor area ratio gradient: New York City, 1890–2009

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  • Barr, Jason
  • Cohen, Jeffrey P.

Abstract

An important measure of the capital–land ratio in urban areas is the Floor Area Ratio (FAR), which gives a building's total floor area divided by the plot size. Variations in the FAR across cities remain an understudied measure of urban spatial structure. We examine how the FAR varies across the five boroughs of New York City. In particular, we focus on the FAR gradient over the 20th century. First we find that the gradient became steeper in the early part of the 20th century, but then flattened in the 1930s, and has remained relatively constant since the mid-1940s. Next we identify the slope of the gradient across space, using the Empire State Building as our core location. We find significant variation of the slope coefficients, using both ordinary least squares and geographically weighted regressions. We then identify subcenters, and show that while accounting for them can better capture New York's spatial structure, by and large, the city remains monocentric with respect to its FAR. Lastly, we find a nonlinear relationship between plot sizes and the FAR across the city.

Suggested Citation

  • Barr, Jason & Cohen, Jeffrey P., 2014. "The floor area ratio gradient: New York City, 1890–2009," Regional Science and Urban Economics, Elsevier, vol. 48(C), pages 110-119.
  • Handle: RePEc:eee:regeco:v:48:y:2014:i:c:p:110-119
    DOI: 10.1016/j.regsciurbeco.2014.03.004
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The Birth and Growth of Modern Zoning (Part II): The FARsighted Great Depression
      by Jason Barr in Skynomics Blog on 2021-08-09 12:12:48
    2. Housing Gotham: The 21st Century So Far (Part I)
      by Jason Barr in Skynomics Blog on 2021-09-27 12:02:57

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    12. Jan K. Brueckner & Shihe Fu & Yizhen Gu & Junfu Zhang, 2017. "Measuring the Stringency of Land Use Regulation: The Case of China's Building Height Limits," The Review of Economics and Statistics, MIT Press, vol. 99(4), pages 663-677, July.
    13. Gluszak, Michal & Zygmunt, Robert, 2018. "Development density, administrative decisions, and land values: An empirical investigation," Land Use Policy, Elsevier, vol. 70(C), pages 153-161.
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    15. Vinci, Sabato & Bartolacci, Francesca & Salvia, Rosanna & Salvati, Luca, 2022. "Housing markets, the great crisis, and metropolitan gradients: Insights from Greece, 2000–2014," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
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    18. Ning Wang & Zhigang Chen & Tianshu Li & Mengjia Zhen, 2022. "Spatiotemporal Pattern Evolution and Influence Mechanism of Urban Vertical Expansion: A Case Study of Jiangsu Province, China," Land, MDPI, vol. 11(3), pages 1-16, March.
    19. Marco Zitti & Luca Salvati, 2017. "Recession and value of new dwellings: Changes in the spatial structure of Greece, 2003-2015," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 7(2), pages 1313-1313.
    20. Fuess, Roland & Koller, Jan A. & Weigand, Alois, 2017. "Best Land Use with Negative Externalities: Determining Land Values from Residential Rents," Working Papers on Finance 1705, University of St. Gallen, School of Finance, revised May 2019.
    21. Jeffrey P. Cohen & Felix L. Friedt & Jackson P. Lautier, 2022. "The impact of the Coronavirus pandemic on New York City real estate: First evidence," Journal of Regional Science, Wiley Blackwell, vol. 62(3), pages 858-888, June.
    22. Moon, Byunggeor & Ahn, Sungin, 2022. "The effects of a FAR regulation in a model of durable building with redevelopment: The case of New York City," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    23. Wenxiu Gao & Qiang Lyu & Xiang Fan & Xiaochun Yang & Jiangtao Liu & Xirui Zhang, 2017. "Building-Based Analysis of the Spatial Provision of Urban Parks in Shenzhen, China," IJERPH, MDPI, vol. 14(12), pages 1-18, December.
    24. Roland Füss & Jan A. Koller & Alois Weigand, 2021. "Determining Land Values from Residential Rents," Land, MDPI, vol. 10(4), pages 1-29, March.

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    More about this item

    Keywords

    New York City; Floor area ratio; Locally weighted regression;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets

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