TY  - JOUR
AU  - Atack,Jeremy
AU  - Margo,Robert A.
TI  - "Location, Location, Location!" The Market for Vacant Urban Land: New York 1835-1900
JF  - National Bureau of Economic Research Historical Working Paper Series
VL  - No. 91
PY  - 1996
Y2  - August 1996
UR  - http://www.nber.org/papers/h0091
L1  - http://www.nber.org/papers/h0091.pdf
N1  - Author contact info:
Jeremy Atack
Department of Economics
Vanderbilt University
VU Station B #351819
2301 Vanderbilt Place
Nashville, TN 37235-1819
Tel: 615-343-2467
Fax: 615/343-8495
E-Mail: jeremy.atack@vanderbilt.edu

Robert A. Margo
Department of Economics
Boston University
270 Bay State Road
Boston, MA 02215
Tel: 617/353-6819
Fax: 617/343-8495
E-Mail: margora@bu.edu
AB  - We present new archival evidence on the price of vacant land in New York City between 1835 and 1900.  Before the Civil War, the price of land per square foot fell steeply with distance from New York's City Hall located in the central business district.  After the Civil War, the distance gradient flattened and the fit of a simple regression of land price on distance from the CBD declined markedly.  Average nominal land prices at the CBD increased at an average annual rate of over 3 percent per year between 1835 and 1895 before declining as the century came to an end.
ER  -