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Working From Home and Business Districts: Evidence From the Paris Metropolitan Area

Author

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  • Olivier Denagiscarde

Abstract

I provide a first empirical analysis of the intracity effect of Working From Home (WFH) on business districts in the Paris metropolitan area. Taking advantage of the Covid-19 crisis as a natural experiment and implementing a difference-in-differences strategy, I find that WFH has already had a small but perceptible negative impact on office occupancy, which tends to grow over time. Interestingly, my results show that this effect is stronger the further away from the centre, indicating the firms' strong preference for high quality amenities and accessibility in this new WFH environment. Furthermore, using a similar methodology, I explore the possible indirect effect of WFH on local consumption services as another implication for business districts.

Suggested Citation

  • Olivier Denagiscarde, 2023. "Working From Home and Business Districts: Evidence From the Paris Metropolitan Area," ERES eres2023_173, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2023_173
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    More about this item

    Keywords

    Corporate real estate; spatial analysis; telecommuting;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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