Buch, Englisch, 371 Seiten, Previously published in hardcover, Format (B × H): 148 mm x 210 mm, Gewicht: 5344 g
Examples for German Metropolitan Areas
Buch, Englisch, 371 Seiten, Previously published in hardcover, Format (B × H): 148 mm x 210 mm, Gewicht: 5344 g
Reihe: Essays in Real Estate Research
ISBN: 978-3-658-14083-0
Verlag: Springer
Simon Kempf has developed hedonic (quality-adjusted) of?ce rent indices for German metropolitan areas. His study explores new territory as it constructs, for the ?rst time, such indices for Germany. The author thereby has taken into account the different qualities of the underlying lease contracts regarding location factors, lease factors, building factors, equipment and layout factors of the of?ce rental unit – using more than 22,005 of?ce lease contracts stored in the Rental Databank of IPD GmbH in Wiesbaden. This hedonic index construction methodology is well known among real estate researchers and statisticians, but it has been mainly used in the residential sector. As a second novelty the multiple imputation method in the statistical analysis to solve the problem of missing data is employed. Quality-adjusted of?ce rent indices serve as market and economic indicators as well as a bench-marking instrument.
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
Introduction.- Theory of the Construction of Hedonic Price Indices.- Fundamental of the Office Property Market and the Implications for Hedonic Price Indices.- Office Rent Determinants.- Hedonic Aanalysis of German Office Rents.- Development, Application and Evaluation of Hedonic Office Rent Indices.- Conclusions.
