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Post-COVID-19 Real Estate Net Absorption and Social Capital in U.S. Metropolitan Areas

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  • Mary Daugherty
  • Dobrina Jandik
  • Tatiana Salikhova

Abstract

The authors of this article studied the differential impact of the COVID-19 pandemic on the performance of office real estate markets using a sample of major U.S. metropolitan areas. During the pandemic, social capital became a significant determinant of net absorption and mitigated the decline in net absorption due to the impact of COVID-19. They found that social capital in U.S. metropolitan areas as measured by the density of social networks has a significant positive effect on net absorption in a post-COVID-19 period. The results suggest that social capital contributes to an increase in net absorption values by promoting trust and communication among members of a community, which increases the likelihood of a completed transaction resulting in more leasing contracts.

Suggested Citation

  • Mary Daugherty & Dobrina Jandik & Tatiana Salikhova, 2023. "Post-COVID-19 Real Estate Net Absorption and Social Capital in U.S. Metropolitan Areas," Journal of Real Estate Practice and Education, Taylor & Francis Journals, vol. 25(1), pages 2165628-216, December.
    • Handle: RePEc:taf:rjrpxx:v:25:y:2023:i:1:p:2165628
    DOI: 10.1080/15214842.2023.2165628
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