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Terrorism Protection and Prevention Measures for Office Buildings.
, 14
Where is Wall Street? Financial Geography after 09/11.
, 2
The 9/11/2001 Impact on Trophy and Tall Office Property.
, 9
Business Location Decisions in the U.S.: Estimates of the Effect of Unionization, Taxes and Other Characteristics of States.
, 3
The Location of Headquarters of Industrial Companies: A Comment.
, 14
9/11 and the Economic Prospects of Major U.S. Cities.
, 6
Geographic Differences and the Location of New Manufacturing Facilities.
, 21
Business Location Decisions in the United States: Estimates of the Effects of Unionization, Taxes, and Other Characteristics of States.
, 3
The New York Region's Post-September 11 Economic Geography.
, 56
This paper studies the extent of the office market recovery of the shadow (immediate) areas of three Chicago trophy buildings (Sears Tower, Aon Center, and John Hancock Center) comparing before and after September 11, 2001 (9/11) office market trends from 1997 until 2005. The results indicate that these three areas have not yet fully recovered almost five years after 9/11 based on their direct and sublease vacancy rates. Controlling for all three shadow area fixed effects, sublease vacancies after 9/11 increased on average by 84% and direct vacancies increased by 69%. In contrast, there is no statistical difference between the before and after 9/11 rent levels for all three shadow areas.
Journal of Real Estate Literature – Taylor & Francis
Published: Jan 1, 2006
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