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• W1990454606 abstract "Residential rent shift variations across space are essential components of urban dynamics. For example, they play an important role in the context of housing availability, housing affordability, and urban revitalization. This paper develops a rent shift model that includes spatial variables and traditional housing market attributes such as housing quality and resident composition. The model estimation employs data for the City of Chicago, 1970- 1980. The results show that the impact of housing market attributes on rent shifts are distorted if spatial effects are neglected. They further support the hypothesis that spatial rent shift regularities prevail after controlling for variations in housing market attributes. Specifically, rent shifts decrease in a nonlinear fashion with increasing distance from the Central Business District (CBD). The distance relationship varies as the orientation toward the CBD changes. In addition, the positive effects of spatial lag variables are highly significant and suggest a rent equilibrating mechanism operating across urban space." @default.
• W1990454606 created "2016-06-24" @default.
• W1990454606 creator A5052589819 @default.
• W1990454606 date "1991-09-01" @default.
• W1990454606 modified "2023-09-24" @default.
• W1990454606 title "A SPATIAL ANALYSIS OF RENT SHIFTS IN THE CHICAGO RENTAL HOUSING MARKET, 1970-1980" @default.
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• W1990454606 doi "https://doi.org/10.2747/0272-3638.12.5.450" @default.
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