An Econometric Study Of The Office Space Market
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An Econometric Study Of The Office Space Market
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Author : Ronald John Barbieri
language : en
Publisher:
Release Date : 1985
An Econometric Study Of The Office Space Market written by Ronald John Barbieri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Office buildings categories.
An Econometric Study Of The Office Space Market
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Author : Ronald John Barbieri
language : en
Publisher:
Release Date : 1985
An Econometric Study Of The Office Space Market written by Ronald John Barbieri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Office buildings categories.
An Econometric Model Of The Edmonton Downtown Office Space Market
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Author : Jong Huang
language : en
Publisher:
Release Date : 1986
An Econometric Model Of The Edmonton Downtown Office Space Market written by Jong Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Office buildings categories.
A Paradigm Of Inquiry For Applied Real Estate Research
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Author : Max F. Kummerow
language : en
Publisher:
Release Date : 1997
A Paradigm Of Inquiry For Applied Real Estate Research written by Max F. Kummerow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Rather than choosing among these, they are all considered to be causal to varying degrees. Moreover, there is synergy between combinations of these market imperfections. Office markets are complex evolving human designed systems (not time invariant) so each cycle has unique historical features. Data on Australian office markets were used to estimate office rent adjustment equations. Simulation models in spreadsheet and system dynamics software then integrate additional information with the statistical results to produce demand, supply, and rent forecasts. Results include models for rent forecasting and models for analysis related to policy and system redesign. The dissertation ends with two chapters on institutional reforms whereby better information might find application to improve market efficiency. Keywords. Office rents, rent adjustment, office market modelling, forecasting, system dynamics.
Market Analysis For Real Estate
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Author : Rena Mourouzi-Sivitanidou
language : en
Publisher: Routledge
Release Date : 2020-08-06
Market Analysis For Real Estate written by Rena Mourouzi-Sivitanidou and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-06 with Architecture categories.
Market Analysis for Real Estate is a comprehensive introduction to how real estate markets work and the analytical tools and techniques that can be used to identify and interpret market signals. The markets for space and varied property assets, including residential, office, retail, and industrial, are presented, analyzed, and integrated into a complete understanding of the role of real estate markets within the workings of contemporary urban economies. Unlike other books on market analysis, the economic and financial theory in this book is rigorous and well integrated with the specifics of the real estate market. Furthermore, it is thoroughly explained as it assumes no previous coursework in economics or finance on the part of the reader. The theoretical discussion is backed up with numerous real estate case study examples and problems, which are presented throughout the text to assist both student and teacher. Including discussion questions, exercises, several web links, and online slides, this textbook is suitable for use on a variety of degree programs in real estate, finance, business, planning, and economics at undergraduate and MSc/MBA level. It is also a useful primer for professionals in these disciplines.
An Econometric Analysis And Forecasting Of Seoul Office Market
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Author : Kyungmin Kim
language : en
Publisher:
Release Date : 2011
An Econometric Analysis And Forecasting Of Seoul Office Market written by Kyungmin Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This study examines and forecasts the Seoul office market, which is going to face a big supply in the next few years. After reviewing several previous studies on the Dynamic model and the Seoul Office market, this thesis applies two structural econometric models to forecast trends of rent, vacancy, and new supply of office space of Seoul Office Market, which is going to face a big supply in the next a few years. The first model has rent and supply equations. The second model is a full model that consists of three simultaneous equations; rent, supply, and absorption equations Empirically, the simple model was tested against time-series data of the Seoul office market since 1975. Rent equation is explained by current office stock, current GDP and past rent and past GDP, both lagging one year. The supply equation explains new office supply by one year lagging completion, five and six years lagging rent and growth of GDP in two previous years. The second model is a full model that consists of three simultaneous equations: rent, supply, and absorption equations based on time-series data since 1991. In this model, rent is impacted by current vacancy rate, past rent and vacancy rate both lagging one year. The supply equation is explained by completion one year ago, five years lagging rent, and past vacancy rate lagging four years, and the absorption equation is expressed by GDP per employment, current GDP, one year ago rent, and occupied stocks. Using estimated models with exogenous supplies for the next six years, ten-year contingent forecasts are made based on three scenarios having different estimated GDP growths. The forecasts for both models demonstrate that untypical supply for next six years will impact office rent negatively in all of the scenarios. In short, the Seoul office market, strongly affected by big supply over demand until 2016, will tend to be become soft or tight during same period before supply goes down and rent reacts. Since late 2010s, however, the market will fully recover from oversupply.
An Econometric Analysis And Forecast Of The Central London Office Market
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Author : Matthew Edward Waisnor
language : en
Publisher:
Release Date : 2013
An Econometric Analysis And Forecast Of The Central London Office Market written by Matthew Edward Waisnor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This paper examines and projects fundamental characteristics of the London Office rental market which is facing supply and demand issues in upcoming years despite being considered one of the few safe haven places for real estate investors during the recent worldwide financial uncertainty. The paper divides the Central London market into four submarkets: Docklands, Midtown, City, and West End. The key issue the paper will examine, aside from projecting future market fundamentals for a 10 year period, is whether on an econometric analysis level it is better statistically to analyze the market utilizing one singular model or to model each submarket separately then sum the outputs. First, the paper will discuss the history and development of the economic model, then discuss what papers have analyzed the London office market utilizing econometric models, and finally what previous studies have examined submarkets utilizing econometric models. Next, the paper will analyze what's occurred from 1986-2012 and try to offer some explanation of why the markets have behaved the way they have on a submarket and aggregate level. Next, the paper will present the model utilized to project the conditions for 10 years and examine back tests for the previous five years (2008-2012) to examine how well the model would have predicted the actual events of the time period. This study derives three main econometric equations for each submarket and Central London as a whole. The rental equation is explained by a lag of one year of rent and the current quarter's vacancy. The demand equation is explained by a 1 year lag in occupied stock, the current level of government service employment, the current level of fire, insurance, and real estate employment, and a four year lagged vacancy. The supply equation is explained by a 1 quarter lag in yield, a 1 year lag in yield, the current bond rate, the current real rental rate, a 1 quarter lag in real rental rate, and the spread between 10 year government bonds and corporate bond rates. The model is utilized both on each submarket and on the Central London market as a whole. Finally, the paper examines the differences in aggregating the submarkets versus modeling Central London in one model. This is done by comparing the models outputs for the previous 5 year back test and also for the 10 year projections.
The Office Property Market Of Hong Kong
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Author :
language : en
Publisher:
Release Date : 2004
The Office Property Market Of Hong Kong written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
(Uncorrected OCR) THE 0 FFICE PROPERTY MARKET OF HONG KONG - AN ECONOMETRIC ANALYSIS Abstract In Hong Kong the real estate market plays an important economic and political role, and its relationship with the wider economy is of particular significance. Since Hong Kong evolved from a former manufacture based economy in the 1950s towards a service based economy, offices are of uttermost importance as they house the economic base in metropolitan service centres. Therefore, this dissertation aims at building a business forecast model for rental price movements in order to understand the past and future dynamics of Hong Kong's Grade A office market. The review of Hong Kong's real estate markets and economIC transition from a manufacture based industry towards a finance and service industry is made in order to present the interrelatedness of Hong Kong economy with the real estate markets and to underline the importance of this study. Two approaches are then introduced to explain and understand the dynamics of office property markets. Thereafter different forecasting methods and techniques are introduced, and an extensive literature review of previous research in this field is undertaken. Against this background the forecasting method is determined and applied. U sing a single equation model with the office rent index published by the Rating and Valuation Department of Hong Kong as dependent variable, the independent variables namely Gross Domestic Product, Employment in the finance, insurance and real estate sector, unemployment rate, office prices, interest rates, office stock at year-end, office stock supply, vacancy rate and construction costs - and their data sources are presented, and four forecast equations are computed. Out of the four only two forecast equations meet the statistical requirements and show a significant ex-post and ex-ante forecasting accuracy. While the first forecast equation identifies the Gross Domestic Product, office prices and interest as sta.
Dynamics Of Office Markets
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Author : John M. Clapp
language : en
Publisher: The Urban Insitute
Release Date : 1993
Dynamics Of Office Markets written by John M. Clapp and has been published by The Urban Insitute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Architecture categories.
Econometric Analysis Of Office Markets
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Author : Makhomo Macheli
language : en
Publisher:
Release Date : 2004
Econometric Analysis Of Office Markets written by Makhomo Macheli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Commercial real estate categories.
