Bing Wang, associate professor in practice of real estate and the built environment, has been awarded a 2016 Best Paper Prize by the American Real Estate Society (ARES). Wang will be formally honored at the ARES annual conference in April 2017.
Wang’s paper is entitled “Micro Housing as Urban Development Model in a Shared Economy,” dissecting development patterns of micro housing in the United States through the examination of pricing structure of micro‐housing developments, and comparing it to conventional market‐rate apartments. The report also establishes a set of analytical metrics to evaluate the potential of micro‐units and their development as a possible future residential development model.