I'm kinda surprised that the evidence is for such a narrow radius. The abstract says NYC, not Manhattan, but 500 ft is like only 2 blocks north or south, and le

I'm kinda surprised that the evidence is for such a narrow radius. The abstract says NYC, not Manhattan, but 500 ft is like only 2 blocks north or south, and less than 1 block east or west. Depending on neighborhood, there may not even be that many new tenants during a period shortly following the completion of a new building, right? And I'm guessing very very few people can target so narrow a neighborhood when shopping for new housing. Overall I would have expected both the mechanism of the effect and the easiest means of measurement to be for a wider area.