\begin{tabular}{lccc} \toprule & \textbf{OLS} & \textbf{SAR (GM\_Lag)} & \textbf{SEM (GM\_Error)} \\ Dep.\ var: & \multicolumn{3}{c}{\textit{log\_rent}} \\ \midrule const & 7.1114*** & 6.0767*** & 7.0905*** \\ & (0.0211) & (0.1514) & (0.0328) \\[4pt] airbnb\_count\_500m & 0.0038*** & 0.0034*** & 0.0038*** \\ & (0.0002) & (0.0002) & (0.0004) \\[4pt] bedrooms & 0.1194*** & 0.1220*** & 0.1546*** \\ & (0.0045) & (0.0032) & (0.0030) \\[4pt] bathrooms & 0.2432*** & 0.2285*** & 0.1795*** \\ & (0.0123) & (0.0063) & (0.0057) \\[4pt] bt\_House & 0.1342*** & 0.1188*** & 0.1299*** \\ & (0.0131) & (0.0101) & (0.0097) \\[4pt] bt\_Row / Townhouse & 0.1782*** & 0.1604*** & 0.1447*** \\ & (0.0359) & (0.0313) & (0.0296) \\[4pt] W\_log\_rent & & 0.1367*** & \\ & & (0.0199) & \\[4pt] $\lambda$ (spatial error) & & & 0.5393 \\ \midrule Observations & 7925 & 7925 & 7925 \\ R$^2$ / pseudo-R$^2$ & 0.5081 & 0.5503 & 0.4972 \\ \bottomrule \end{tabular} \parbox{\textwidth}{\footnotesize Standard errors in parentheses. SAR estimated via GM\_Lag; SEM via GM\_Error. $^{***}p<0.01$; $^{**}p<0.05$; $^{*}p<0.10$. City FE included but not shown.}