MIT founded the Center for Real Estate (CRE) in 1983 to improve the quality of the built environment and to promote more informed professional practice in the global real estate industry. Educating the men and women whose innovations will serve the industry worldwide, the CRE is a home to the first-ever one year Master of Science in Real Estate Development (MSRED) degree, as well as an integrated suite of professional development courses.
The MIT Community Innovators Lab (CoLab) supports faculty and students to work with low-income and excluded people around the world, tapping their energy, creativity, and in-depth knowledge of the issues they face to tackle poverty, climate change, and mass urbanization. Launched in 2007, CoLab is a platform for faculty and student collaboration on field-based projects working with departments, laboratories, and centers across the Institute, supporting action research, while providing important resources to community leaders.
The Urban Economics Lab at MIT focuses on studying economic activity and economic trends in cities. The Lab uses analytical models and big data to understand what makes cities thrive or decline, how housing values are formed and oscillate, and how local politics and social phenomena manifest in the context of increasing global urbanization.