The Impact of Remote Work on Residential Rents and Commuting Frequency along Urban Rail Lines

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Other Title
  • リモートワークの普及がもたらした通勤鉄道沿線の住宅家賃と出勤率への影響
  • リモートワーク ノ フキュウ ガ モタラシタ ツウキン テツドウ エンセン ノ ジュウタク ヤチン ト シュッキンリツ エ ノ エイキョウ
Published
2025
DOI
  • 10.20787/agishiten.36.1_1
Publisher
Asian Growth Research Institute

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Description

This paper examines the impact of the widespread adoption of remote work following the COVID-19 pandemic on residential rents along commuter railway lines in metropolitan areas, employing both theoretical modeling and empirical analysis. The spread of remote work has influenced rents through two primary channels: (1) a reduction in commuting frequency, and (2) a decrease in congestion on commuter trains. Together, these effects have contributed to relatively higher rents in areas farther from city centers. However, the rent function model developed by Yamaga and Hatta (2000) (in Japanese), which has traditionally been used to capture the non-monetary costs of commuting, does not incorporate commuting frequency as a variable. This study extends the model by introducing a commuting rate variable, thereby enabling a full representation of rent changes attributable to remote work. The empirical analysis utilizes rental data from before and after the pandemic. By comparing observed rent changes with theoretical rents derived from the conventional model̶which considers only congestion̶we identify the additional impact of declining commuting rates on rent dynamics.

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