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Big†Box Stores and Urban Land Prices: Friend or Foe?

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  • Barrett A. Slade

Abstract

This study examined the effect of a new Walmart store on nearby U.S. urban land prices and found that, within one quarter mile of a new Walmart store locale, land prices increased by almost 39% over the four†year development time period. Supercenters and commercial land sales were instrumental in driving the positive price effects. Robustness tests found a positive land price effect with other big†box stores, suggesting that the land price effect was not limited to Walmart stores, but in fact, was a big†box store effect.

Suggested Citation

  • Barrett A. Slade, 2018. "Big†Box Stores and Urban Land Prices: Friend or Foe?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 46(1), pages 7-58, March.
    • Handle: RePEc:bla:reesec:v:46:y:2018:i:1:p:7-58
    DOI: 10.1111/1540-6229.12209
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    Cited by:

    1. Wang, Bingbing, 2022. "Housing market volatility under COVID-19: Diverging response of demand in luxury and low-end housing markets," Land Use Policy, Elsevier, vol. 119(C).
    2. Daams, Michiel N. & Proietti, Paola & Veneri, Paolo, 2019. "The effect of asylum seeker reception centers on nearby house prices: Evidence from The Netherlands," Journal of Housing Economics, Elsevier, vol. 46(C).
    3. Song, Malin & Xie, Qianjiao & Chen, Jiandong, 2022. "Effects of government competition on land prices under opening up conditions: A case study of the Huaihe River ecological economic belt," Land Use Policy, Elsevier, vol. 113(C).
    4. Daunfeldt, Sven-Olov & Mihaescu, Oana & Öner, Özge & Rudholm, Niklas, 2019. "Retail and place attractiveness: The effects of big-box entry on property values," HFI Working Papers 1, Institute of Retail Economics (Handelns Forskningsinstitut).
    5. Wang, Bingbing, 2023. "Is walmart the same as ten years ago? A non-parametric difference-in-differences analysis of walmart development," Regional Science and Urban Economics, Elsevier, vol. 99(C).

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