Post-COVID-19 Real Estate Net Absorption and Social Capital in U.S. Metropolitan Areas

Mary Daugherty, Dobrina Jandik and Tatiana Salikhova

Journal of Real Estate Practice and Education, 2023, vol. 25, issue 1, 2165628

Abstract: The authors of this article studied the differential impact of the COVID-19 pandemic on the performance of office real estate markets using a sample of major U.S. metropolitan areas. During the pandemic, social capital became a significant determinant of net absorption and mitigated the decline in net absorption due to the impact of COVID-19. They found that social capital in U.S. metropolitan areas as measured by the density of social networks has a significant positive effect on net absorption in a post-COVID-19 period. The results suggest that social capital contributes to an increase in net absorption values by promoting trust and communication among members of a community, which increases the likelihood of a completed transaction resulting in more leasing contracts.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/15214842.2023.2165628 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjrpxx:v:25:y:2023:i:1:p:2165628

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrp20

DOI: 10.1080/15214842.2023.2165628

Access Statistics for this article

Journal of Real Estate Practice and Education is currently edited by Reid Cummings

More articles in Journal of Real Estate Practice and Education from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().