Skyscraper Height

Research output: Contribution to journalArticlepeer-review

30 Scopus citations

Abstract

This paper investigates the determinants of skyscraper height. First a simple model is provided where potential developers desire not only profits but also social status. In equilibrium, height is a function of both the costs and benefits of construction and the heights of surrounding buildings. Using data from New York City, I empirically estimate skyscraper height over the 20th century. Via spatial regressions, I find evidence for height competition, which increases during boom times. In addition, I provide estimates of which buildings are economically "too tall" and by how many floors.

Original languageEnglish (US)
Pages (from-to)723-753
Number of pages31
JournalJournal of Real Estate Finance and Economics
Volume45
Issue number3
DOIs
StatePublished - Sep 1 2012

All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics and Econometrics
  • Urban Studies

Keywords

  • Building height
  • New York City
  • Skyscrapers
  • Status

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