Estimating the Effect of Sports Facilities on Local Area Commercial Rents: Evidence From Brooklyn’s Barclays Center
Estimating the Effect of Sports Facilities on Local Area Commercial Rents: Evidence From Brooklyn’s Barclays Center
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估计体育设施对当地商业租金的影响：来自布鲁克林巴克莱中心的证据
DOI：
10.1177/1527002517723048
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发表时间：
2019
期刊：
影响因子：
--
通讯作者：
Geoffrey Propheter
中科院分区：
文献类型：
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作者：
Geoffrey Propheter
布鲁克林巴克莱中心对商业土地租金的影响是根据2006年至2015年距离竞技场1英里范围内的地块的合并横截面进行估计的。使用三重差异中的差异方法分离竞技场的影响。从优选模型中，每1,000英尺外的商业地块从竞技场移除，每平方英尺的净营业收入估计平均下降3.7%。竞技场1英里范围内的平均租金影响进一步估计为每平方英尺2.71美元。本文详细讨论了这些发现的意义。
The effect of Brooklyn’s Barclays Center on commercial land rents is estimated on a pooled cross-section of parcels within 1 mile of the arena from 2006 through 2015. The effect of the arena is isolated using a triple difference-in-difference approach. From the preferred model, net operating income per square foot is estimated to fall by an average of 3.7% for each 1,000 feet away a commercial parcel is removed from the arena. The average rent effect within 1 mile of the arena is further estimated to be US$2.71 per square foot. The implications of the findings are discussed.