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MIT Center for Real Estate
Courtesy of Elsevier Science BV, from Regional Science and Urban Economics. Used with permission.
MIT Center for Real Estate
Employment decentralization in
Boston
Boston, City Boston, Suburbs
Employment Category 1970 1980 1990 2000 1970 1980 1990 2000
Private Non-Agricultural 496,548 492,095 539,720 613,385 1,046,936 1,334,948 1,648,863 1,888,350
Mining 180 129 267 (D) 682 1,187 1,513 (D)
Construction 23,159 12,589 14,967 20,803 64,156 59,336 87,537 112,173
Manufacturing 68,078 55,830 34,603 30,071 316,318 367,345 303,883 247,888
Transportation and public utilities 45,458 39,890 38,187 40,911 45,581 55,618 64,333 75,222
Wholesale trade 45,170 31,622 21,706 19,106 56,164 83,974 111,097 116,793
Retail trade 87,315 65,420 67,507 72,227 214,694 263,779 312,328 331,863
Finance, insurance, and real estate 76,743 76,991 94,534 108,413 60,812 97,491 130,903 157,846
Services 150,445 209,624 267,949 321,854 288,529 406,218 637,269 845,450
MIT Center for Real Estate
Monocentric City: The Historic
Central Business District
(Location = rent competition between uses)
Land Rent
rf (d)
r (d)
Firms
(CBD) Residents
ra
m b Distance (d)
MIT Center for Real Estate
Services
Residents
Industries
CBD
ra
m1 m2 b distance (d)
MIT Center for Real Estate
Chicago Industrial rents on 6000 properties related to the
distance of the property to Chicago’s CBD
y = 2 .8 0 4 6 x + 4 6 4 .6 2
C ha rt Title 2
2500 R = 0 .0 1 8 7
2000
1500
1000
500
0
0 10 20 30 40 50 60 70 80