Taxi activity as a predictor of residential rent in New York City
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2020
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| Online Access: | https://hdl.handle.net/1721.1/123616 |
| _version_ | 1811075705300058112 |
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| author | Caporaso, Philip(Philip S.) |
| author2 | Alex van de Minne. |
| author_facet | Alex van de Minne. Caporaso, Philip(Philip S.) |
| author_sort | Caporaso, Philip(Philip S.) |
| collection | MIT |
| description | This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. |
| first_indexed | 2024-09-23T10:10:17Z |
| format | Thesis |
| id | mit-1721.1/123616 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T10:10:17Z |
| publishDate | 2020 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1236162020-03-24T04:00:43Z Taxi activity as a predictor of residential rent in New York City Caporaso, Philip(Philip S.) Alex van de Minne. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development Center for Real Estate. Program in Real Estate Development. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2019 Cataloged from PDF version of thesis. Includes bibliographical references (pages 28-29). Real estate developers and investors have a vested interest in discovering new techniques for estimating the direction and magnitude of changes in residential rent within a neighborhood. This study hypothesizes, and finds evidence, that taxi activity is a proxy for changing income and neighborhood quality as well as an indicator of gentrification. Novel research is performed to determine if taxi activity is a significant predictor of rents in New York City at the neighborhood level. Nine OLS regression models are created using data about 1,466,234,991 taxi pickups and drop-offs, median rent, and median income across 188 neighborhoods in New York City in the years of 2010-2015. In all nine models, taxi activity is found to be a statistically significant predictor of rent at 99% confidence. This study finds that a I standard deviation positive shock in taxi drop-offs will result in a 0.009% 0.155% higher rent the next year on average. by Philip Caporaso. S.M. in Real Estate Development S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate 2020-01-23T17:00:25Z 2020-01-23T17:00:25Z 2019 2019 Thesis https://hdl.handle.net/1721.1/123616 1135875319 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 29 pages application/pdf n-us-ny Massachusetts Institute of Technology |
| spellingShingle | Center for Real Estate. Program in Real Estate Development. Caporaso, Philip(Philip S.) Taxi activity as a predictor of residential rent in New York City |
| title | Taxi activity as a predictor of residential rent in New York City |
| title_full | Taxi activity as a predictor of residential rent in New York City |
| title_fullStr | Taxi activity as a predictor of residential rent in New York City |
| title_full_unstemmed | Taxi activity as a predictor of residential rent in New York City |
| title_short | Taxi activity as a predictor of residential rent in New York City |
| title_sort | taxi activity as a predictor of residential rent in new york city |
| topic | Center for Real Estate. Program in Real Estate Development. |
| url | https://hdl.handle.net/1721.1/123616 |
| work_keys_str_mv | AT caporasophilipphilips taxiactivityasapredictorofresidentialrentinnewyorkcity |