"This book is a comprehensive introduction to how real estate markets work and the analytical tools and techniques that can be used to recognize and interpret market signals. Its rigorous macroeconomic theory is backed up with numerous real estate case study examples and pedagogy."

Focusing on the office capitalization rate, the central objective of this paper is to shed light on two sets of issues that have not yet been fully researched. The first involves the importance of its local-fixed and time-variant components and the significance of persistence in its time trends....

This paper synthesizes elements of the traditional and contemporary theory of real estate markets to formulate an empirical framework for exploring metropolitan office rent processes. Such a framework is then applied to the analysis of office rents across eighteen U.S. office markets during...