ARES 2024 | 40th American Real Estate Society Annual Spring Conference : « Navigating Change in Real Estate: Past, Present, and Future »
40th Annual Spring Meeting and Conference, to be held March 20-23, 2024 at
Hyatt Regency Grand Cypress Resort
Orlando, Florida
The Spring Conference provides a supportive academic and industry forum where practitioners and academics discuss the latest research findings and advances in real estate, finance, urban planning, Proptech, Fintech, and more.
The theme for this year's conference, "Navigating Change in Real Estate: Past, Present, and Future," underscores a comprehensive and forward-looking examination of the real estate landscape. Attendees are encouraged to contribute papers, extended abstracts, panel discussions, posters, and other submissions on innovative topics within the real estate disciplines. This conference represents a significant opportunity for real estate scholars to contribute their insights on the evolving opportunities and challenges in the sector.
Information: https://www.ares.org/page/AnnConf
Des chercheur.e.s et collaborateur.trice.s de la Chaire Ivanhoé Cambridge d'immobilier présenteront des conférences dans le cadre de cette conférence annuelle :
Vendredi le 22 mars 2024
Market Analysis & Cycles 1
Location: Regency Hall 4
Session Chair: Jennifer Grootegoed
8:00am - 10:00am
"Monetary shocks and house prices in Europe"
Prof. ALAIN COEN1, Dr. ALEXIS POURCELOT2
1ESG UQAM, University of Quebec in Montreal, Canada; 2BNP PARIBAS REAL ESTATE, Dauphine PSL University
The aim of this study is to analyze the effect of conventional and unconventional monetary policy shocks on housing price dynamics in Europe (2000-2020). We propose a pan-European comparative analysis at the country and market levels. Therefore, we build a quarterly national dataset for six countries (France, Germany, Italy, the Netherlands, Spain and the United Kingdom) and a quarterly submarket dataset for thirteen European cities (Paris, Lyon, Marseille, Berlin, Munich, Frankfurt, Amsterdam, Madrid, Barcelona, Seville, London, Birmingham and Manchester). We proceed in two steps. First, we develop a Structural VAR model. Second, we conduct a forecast error variance decomposition analysis. At the country-level, we show that a contractionary policy rate has a negative influence on house prices. Moreover, an expansionary balance sheet shock exhibits a positive impact on housing prices. At the market-level, the role of contractionary policy rate shock is confirmed with r elevant differences. A balance sheet shock displays a heterogeneous effect on housing prices. Globally, we observe hat a conventional monetary policy shock explains a larger share of total housing price variance than an unconventional monetary policy shock. Finally, our results report that conventional and unconventional monetary policy shocks have a greater impact in more liberalized credit markets. These results may have significant economic policy implications.
Corporate Real Estate 2
Location: Regency Hall 7
Session Chair: Sean Wilkoff
1:45pm - 3:30pm
"Physical & Digital Workspace Impacts on Job Category of Innovative Team: A Qualitative Assessment"
Dr. Helene Sicotte, Dr. Helene Delerue, Dr. Andree De Serres
University of Quebec at Montreal, Canada
Our research objective is to further understand the differential effects of physical & digital space characteristics on job category among team members (Artistic, Technical, and Administrative job categories). This study was conducted within a firm and its new product development (NPD) teams in different combi office. It consists of 55 semi-structured interviews. The results show various perceptions and relationships: Members of the three categories feel and react differently to their workspace which could indicate that there is still needs to improve the support for each profession beyond classic task support.
The originality of this research is to have examined how the diversity of multidisciplinary new product development teams affects the range of reactions to a popular open space office design (combi office) and its associated layouts.
Voir le programme complet ici : https://www.conftool.org/ares2024/sessions.php