Urban Economics and Real Estate Markets

Denise DiPasquale is Founder and President of City Research and Visiting Lecturer at Harvard University, USA.William C. Wheaton is a professor at the Massachusetts Institute of Technology (MIT) in the Department of Economics and was one of the founders as well as former Director of the M.I.T. Center for Real Estate.

"DiPasquale and Wheaton's Urban Economics and Real Estate Markets covers the field with both insight and lucidity. Decades of students, and many of my own, have benefitted from its clear exposition and lively prose. Teachers, like me, who use the book have been eagerly awaiting this new edition and it exceeds my already high expectations. A lot has been happening in cities and real estate over the last ten years and this new edition makes this terrific textbook more relevant than ever. If you are teaching an urban economics or real estate class or if you just want to learn more about how cities work, DiPasquale and Wheaton offers a terrific educational resource." - Edward L. Glaeser, Fred and Eleanor Glimp Professor of Economics, Harvard University"Urban Economics and Real Estate Markets is a foundational textbook for understanding the complex dynamics of cities and real estate. Over thirty years ago, I had the incredible good fortune of being a student in Professor DiPasquale’s class and working as a research assistant on the first edition. That experience, along with the teachings of Professors DiPasquale and Wheaton, sparked my passion for the industry and provided the essential tools that have shaped my career. The text does an exceptional job explaining the interplay between operational and capital markets. Three decades after I was first introduced to it, their iconic 4-quadrant model still resonates deeply. It is fantastic to see this updated edition incorporate vital modern evolutions, such as the rise of e-commerce. I am forever grateful for the foundation this book gave me, and I highly recommend it to anyone looking to master real estate markets." - Kenneth Caplan, Global Co-Chief Investment Officer, Blackstone

• 1. Real Estate Markets. 2. The Urban Land Market: Rent and Prices. 3. The Urban Housing Market: Density and Structural Attributes. 4. Central Business Districts, Firm Location and Urban Form. 5. Retail Stores, Malls and eCommerce. 6. Urban Transportation Systems. 7. Local Governments, Property Taxes and Capitalization. 8. Local Government Regulation of Land and Development. 9. Real Estate Markets and Regional Growth: Systems of Cities. 10. The Market for Housing Units. 11. Housing Transactions, Development and Supply. 12. Commercial Property Markets. 13. Time Series Analysis of Metropolitan Property Markets. 14. Sources of Real Estate Market Volatility.