• About

    The Center for Real Estate Innovation (CREI) is a collaboration project among many schools and organizations i...

  • From Director

    New technologies such as AI and IoT are advancing at a rapid pace, and major changes are occurring in corporat...

  • Development for Innovation


    June 20, 2023 GIID Release “Why Governance Matters: An analysis on how innovation districts “Organize for Success”

    The Global Institute on Innovation Districts (GIID), an organization dedicated to the study of innovation districts, has published a research paper, “Why Governance Matters: An analysis on how innovation districts “Organize for Success”. The paper is based on the result of several years of research, including an analysis of 10 governance models.

    The paper was written by Julie Wargner, founder of GIID. She concludes “The ability for innovation districts to organize effectively can be the deciding factor in why one district fails while another succeeds and powerfully evolves. Unless district leaders design effective models to lead and govern, they are destined to become stuck in organizational, if not political, gridlock. This paper is a wake-up call for early and emerging districts worldwide.”(quoted from the paper release page to which we provide a link below)

    Based on the lessons learned, the study outlines seven factors that lead to effective governance.

    Link: https://www.giid.org/why-innovation-districts-need-effective-governance/#subscribe-for-download-file

    *CREI participates in “the Global Network” by GIID. For more information, click here.

  • Event


    International Event presented by the collaboration of MetaProp and CREI “Discussion on PropTech, Entrepreneurship and Talent”

    [Title] Discussion on PropTech, Entrepreneurship and Talent

    *in English

    [Date] May 18 , 2023

    [Time] 13:30 – 14:30 JST

    [Location] University of Tokyo , Hongo Campus

    Sanjo Conference Hall 2F (Campus Map No.2)

    *Zoom Webinar available

    [Registration] Google Forms

    [Participation fee] Free

  • Working Papers


    ■No.7 (January, 2022)

    “Amazon Is Coming to Town: Information and Housing Market Efficiency” by Jiro Yoshida (CREI Researcher and Professor at the Pennsylvania State University) was published in Real Estate Economics (coauthored with Y. Chen and S. Wilkoff).

    Is the housing market always slow to respond to information about demand shocks? Using Amazon’s gradual revelation of its new headquarters locations in Virginia and New York, the authors find housing prices near the headquarters exhibit a premium months before the decision, thereby demonstrating that the housing market can incorporate information quickly.