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Voith

Richard Voith, Ph.D., CRE

Principal

Senior Economic Advisor and Chairman, ESI ThoughtLab

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Background & Experience

As Co-Chair of the Econsult Solutions (ESI) Board of Directors, Dr. Richard Voith provides expertise to clients in real estate economics, transportation, and applied microeconomics. Dr. Voith served as President since the firm’s inception and is now guiding strategic planning and development of the company. As a Principal of ESI he continues to provide insight and analysis in the firm’s transportation, real estate, litigation, and international business activities. In addition to his roles at ESI, Dr. Voith is Research Fellow at the University of Pennsylvania’s Institute for Urban Research.

Before starting Econsult Solutions, Dr. Voith was a Senior Vice President at ESI’s predecessor firm, Econsult Corporation. Prior to joining Econsult Solutions, Dr. Voith held the position of Economic Advisor at the Federal Reserve Bank of Philadelphia.

Dr. Voith has worked frequently in the public policy arena. In 2013, he was a principal author of Understanding SEPTA’s Statewide Economic Value which demonstrated the importance of transportation investment for the state. In 2006, Dr. Voith was appointed by Pennsylvania Governor Rendell to the newly created Transportation Funding and Reform Commission charged with recommending appropriate levels of funding for transit systems, roads, and bridges. Dr. Voith was also a member of the SEPTA Board of Directors, serving as Vice Chairman from 1996 to 1998.

Dr. Voith is a founding board member of Philadelphia Youth Basketball, an organization dedicated to educational, social, and athletic success of Philadelphia youth. In addition, he is a founding board member of Pentrans, an organization dedicated to balanced, multimodal transportation and mobility alternatives in Pennsylvania.

Dr.  Voith has been an adjunct professor for many years at the Wharton School of the University of Pennsylvania where he taught Cost Benefit Analysis in the Business and Public Policy Department, and Urban Real Estate Economics and Real Estate Investments through Wharton’s Real Estate Department. Dr. Voith continues to serve as a Faculty Fellow at the University of Pennsylvania’s Institute for Urban Research.

Over the last 15 years, Dr. Voith has served on several National Academy of Science Foundation Advisory Panels addressing topics such as the interrelationships between highway and transit investment and land use, valuing the costs and benefits of transit investments, and the relationships between land use and public health. He has been a guest speaker at numerous forums, including those sponsored by the Lincoln Land Institute, the Brookings Institution, Urban Land Institute, and the US Department of Housing and Urban Development. Until 2007, Dr. Voith served on the editorial board of Real Estate Economics.