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

Olivier Denagiscarde

ERES from European Real Estate Society (ERES)

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.

Keywords: Corporate real estate; spatial analysis; telecommuting (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2023-01-01
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2023_173

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