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- Publisher
- Wiley
- Copyright
- Copyright © 1990 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 1080-8620
- eISSN
- 1540-6229
- DOI
- 10.1111/1540-6229.00512
- Publisher site
- See Article on Publisher Site
Abstract
This paper provides an empirical analysis of office building rents using data for a five‐year period in a medium‐ sized city. The results indicate that rent levels respond to various factors in the expected manner: rents vary systematically across classes of buildings and locations, overall market conditions have a significant impact on rents, and contract variations are associated with rent differences. We also present the first evidence at the building level on the rent‐vacancy adjustment process. The results show a significant relationship between rent changes and vacancies.
Journal
Real Estate Economics – Wiley
Published: Mar 1, 1990