9/11 Reassessments of Urban Location Costs and Risks

  • June 19, 2003
  • • Written by: James H. Johnson, Jr. John D. Kasarda, CRE

Summer 2003, Vol 28, No 2

Abstract: Following the September 11, 2001, terrorist attacks, corporate leaders, their employees, and the insurance industry—all began to re-evaluate location risks and costs associated with occupying commercial real estate in densely settled urban centers, especially downtown high rise office towers. In this article, we review these post-9/11 re-assessments and their likely impact on corporate location decisions and employment distribution across U.S. cities and metropolitan areas.