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Employment density and agglomeration economies in tall buildings

Crocker H. Liu, Stuart S. Rosenthal and William C. Strange

Regional Science and Urban Economics, 2020, vol. 84, issue C

Abstract: This paper examines vertical patterns of employment density and agglomeration economies within tall buildings. Theory suggests that vertical density should depend on the interplay of street access, height-related amenities, and productivity. Based on suite level data, we show that density patterns are u-shaped, with high density at ground level and high floors. Furthermore, factors associated with productivity, including nearby employment and firm-specific characteristics, have positive effects on employment density. Vertical density patterns are consistent with productivity spillovers that are strongest on a company’s floor and attenuate rapidly with vertical distance. Similar evidence is obtained based on sales for law firms.

Keywords: Agglomeration; Density; Commercial real estate (search for similar items in EconPapers)
JEL-codes: R00 R33 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.regsciurbeco.2020.103555

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