Abstract
Despite the high-tech clusters principle role in planning practice and research; their location, sectoral typology and relationship with property values are still unknown. Using firm level data, we found a strong housing premium variation across different sectoral types of high-tech clusters in the U.S. large regions. For instance, 80% of the 627 tech-clusters that we identified; have multiple dominant tech industries or are specialized in professional services, are facing housing value inflation. Conversely, clusters of IT advanced manufacturing firms are associated with lower housing values. This trend can inform how to battle the regional rise of housing prices caused by high-tech economy.
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