The graph is a line chart titled, “Rate of Rent Decline as Distance to City Center Rises.” The y-axis, which plots the estimates of the rate of rent decline, ranges from -0.05 to 0.01. The x-axis goes from January 2018 to December 2020. Between January 2018 and January 2020, the estimates range between -0.035 and -0.03. By the end of 2020, however, the estimate is zero. Source: Gutpa A, Mittal V, Peeters J, Van Nieuwerburgh S. NBER Working Paper 28675, and published as "Flattening the curve: pandemic-induced revaluation of urban real estate," Journal of Financial Economics, 146(2), 2022, pp 594–636