The development of a simple regional office rent prediction model

1 January 1989

journal article
research article
Published by Emerald Publishing in Journal of Valuation

Vol. 7 (1) , 36-52
https://doi.org/10.1108/eum0000000003257

Abstract

Attempts to describe the determinants of rent. Describes the initial stages in the development of a regional office rent prediction model which uses readily available data and should aid the investment decision‐making process. Rejects cross‐sectional analysis, preferring time series approaches. Formulates a spatially disaggregated model which allows for delays between changes in user output and changes in user demand, and which reflects the variable adjustment rate between these two factors. Argues that the combined influence of the independent variables in the derived equation can explain up to 97 per cent of the variation in rent over the period examined.

Keywords

This publication has 11 references indexed in Scilit:

The secondary circuit of capital: office construction in Houston, Texas
International Journal of Urban and Regional Research, 1987
Dynamic Modelling of the Building Cycle: 2. Empirical Results
Environment and Planning A: Economy and Space, 1987
The Anatomy of Job Creation: Nations, Regions and Cities in the 1960s and 1970s
Regional Studies, 1987
Dynamic Modelling of the Building Cycle: 1. Theoretical Framework
Environment and Planning A: Economy and Space, 1987
Technical Change and the Urban Development Cycle
Urban Studies, 1987
SUPPLY ELASTICITY AND THE RENTAL VALUE OF INVESTMENT PROPERTY
Journal of Valuation, 1986
A Spectral Analysis of Building Cycles in Britain
Environment and Planning A: Economy and Space, 1985
The office development cycle in London
Land Development Studies, 1984
A Simple Theoretical Model of the Office-Development Cycle
Environment and Planning A: Economy and Space, 1983
The Durbin-Watson Test for Serial Correlation with Extreme Sample Sizes or Many Regressors
Econometrica, 1977