Classifying office submarkets
Series: Journal of Property Investment and Finance ; 19(3) 2001, 236-250(15)Publication details: 2001Subject(s): Summary: Argues that, in order to derive a true picture of the market, office markets should be organised into submarkets rather than being classified using neo-classical location theory, and these submarkets should be derived empirically and not based on agent's knowledge. The statistical model proposed considers the office's characteristics including: whether it concerned is modern, traditional, serviced or on an office park; the floor area, construction type, condition, finish type, age, and attributes of the property; and the distance from the defined central point of the city centre. Includes case studies of the Glasgow and Edinburgh office markets. Tables, references.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | X113166 (Browse shelf(Opens below)) | 1 | Available | 113166-1001 |
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Argues that, in order to derive a true picture of the market, office markets should be organised into submarkets rather than being classified using neo-classical location theory, and these submarkets should be derived empirically and not based on agent's knowledge. The statistical model proposed considers the office's characteristics including: whether it concerned is modern, traditional, serviced or on an office park; the floor area, construction type, condition, finish type, age, and attributes of the property; and the distance from the defined central point of the city centre. Includes case studies of the Glasgow and Edinburgh office markets. Tables, references.