Table IV. The effect of infill...

Table IV.

The effect of infill development (new multifamily projects) on multifamily unit prices (DiD models) coefficients and t-values (within parenthesis)

		Multifamily
Models	Variables	Full sample	Restricted sample
All projects	Near	0.0135 (4.52)	0.0161 (4.71)
	Treatment	0.0233 (6.02)	0.0192 (4.61)
Adj. R²		0.8556	0.8403
No. of obs		94,337	41,763
Large projects	Near	0.0138 (3.04)	0.0065 (1.36)
	Treatment	0.0182 (2.94)	0.0215 (3.53)
Adj. R²		0.8554	0.8497
No. of obs		94,337	22,090
Small projects	Near	0.0079 (1.84)	0.0188 (3.62)
	Treatment	0.0289 (4.79)	0.0131 (1.97)
Adj. R²		0.8554	0.8323
No. of obs		94,337	20,858

		Multifamily
Models	Variables	Full sample	Restricted sample
All projects	Near	0.0135 (4.52)	0.0161 (4.71)
	Treatment	0.0233 (6.02)	0.0192 (4.61)
Adj. R²		0.8556	0.8403
No. of obs		94,337	41,763
Large projects	Near	0.0138 (3.04)	0.0065 (1.36)
	Treatment	0.0182 (2.94)	0.0215 (3.53)
Adj. R²		0.8554	0.8497
No. of obs		94,337	22,090
Small projects	Near	0.0079 (1.84)	0.0188 (3.62)
	Treatment	0.0289 (4.79)	0.0131 (1.97)
Adj. R²		0.8554	0.8323
No. of obs		94,337	20,858

Notes:

Restricted sample maximum = 1,000 m from the new project. Near and Treatment maximum = 200 m from the new project. The dependent variables are transaction price in its log-form

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