IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v34y2017i1p19-35.html
   My bibliography  Save this article

The impact of temporary uses on property prices: the example of food trucks

Author

Listed:
  • Julia Freybote
  • Yiping Fang
  • Matthew Gebhardt

Abstract

Food trucks represent a temporary use of vacant or underutilised land. They have been assumed to increase the livability, vibrancy and attractiveness of a neighbourhood. However, no previous study has investigated whether this effect is reflected in property prices within the surrounding neighbourhood. We investigate the impact of a food truck pod on the values of single-family homes nearby. Using a quasi-experimental design, transaction data from Portland, Oregon and a difference-in-difference specification of a spatial regression model, we find that food trucks actually represent a negative externality, and that proximity of a home to food trucks is penalised by homebuyers. The closer a home is to the food trucks, the lower is the sales price. Explanations for this effect include increased parking shortages and trash issues in a neighbourhood due to food truck visitors.

Suggested Citation

  • Julia Freybote & Yiping Fang & Matthew Gebhardt, 2017. "The impact of temporary uses on property prices: the example of food trucks," Journal of Property Research, Taylor & Francis Journals, vol. 34(1), pages 19-35, January.
    • Handle: RePEc:taf:jpropr:v:34:y:2017:i:1:p:19-35
    DOI: 10.1080/09599916.2017.1288163
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599916.2017.1288163
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599916.2017.1288163?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Susan M. Wachter & Grace Wong, 2008. "What Is a Tree Worth? Green‐City Strategies, Signaling and Housing Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(2), pages 213-239, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard R. Shaker & Joseph Aversa & Victoria Papp & Bryant M. Serre & Brian R. Mackay, 2020. "Showcasing Relationships between Neighborhood Design and Wellbeing Toronto Indicators," Sustainability, MDPI, vol. 12(3), pages 1-24, January.
    2. Charlotte Glennie, 2020. "Growing Together: Community Coalescence and the Social Dimensions of Urban Sustainability," Sustainability, MDPI, vol. 12(22), pages 1-25, November.
    3. Xiaolong Liu & Weidong Qu, 2015. "Winner's Curse or Signaling? Bidding Outcomes in the Chinese Land Market," International Real Estate Review, Global Social Science Institute, vol. 18(1), pages 113-129.
    4. Szczepańska Agnieszka & Krzywnicka Iwona & Lemański Grzegorz, 2016. "Urban Greenery as a Component of Real Estate Value," Real Estate Management and Valuation, Sciendo, vol. 24(4), pages 79-87, December.
    5. Kevin C. H. Chiang & Gregory J. Wachtel & Xiyu Zhou, 2019. "Corporate Social Responsibility and Growth Opportunity: The Case of Real Estate Investment Trusts," Journal of Business Ethics, Springer, vol. 155(2), pages 463-478, March.
    6. Julia Freybote & Hua Sun & Xi Yang, 2015. "The Impact of LEED Neighborhood Certification on Condo Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(3), pages 586-608, September.
    7. Youngme Seo, 2020. "Varying Effects of Urban Tree Canopies on Residential Property Values across Neighborhoods," Sustainability, MDPI, vol. 12(10), pages 1-19, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpropr:v:34:y:2017:i:1:p:19-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJPR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.