Financial and real estate crises and “the new way of working�� reduce the need for office space, and office markets become replacement markets without a quantitative need for new office buildings: New buildings drive out bad buildings. In the Netherlands, currently 15% of the office...

Hedonic pricing studies of commercial real estate, specifically offices, have been popular since the 1980ís. Since then, numerous hedonic office studies have been published. However, the theoretical underpinnings of these models often seem lacking. The inclusion of location and building...

The rent levels reported by real estate agents remain relative stable, despite the fact that the vacancy rate increases. Landlords seem unwilling to adjust the long-term rental rate. Instead of decreasing the asking-rent they attempt to attract tenants by providing additional financial benefits...

The increasing vacancy in the Dutch office market is a socially undesirable development. One solution might be to take unlettable properties off the market by converting them into housing; but for this _ or any other solution _ to be effective, the general vision of the market needs to be...

The location choice of office firms is assumed to be primarily driven by the opportunities for face-to-face contacts; a concept strongly linked with agglomeration economies. However, it is recognised that other factors, such as prestige and image might also explain why firms prefer certain...

There is a sound theoretical base and intuitive expectation that urban office markets are too segmented to be accurately described by unitary market models. Nevertheless, previous studies of office market dynamics tend to concentrate on either national or metropolitan markets and assume a...

The recent collapse of the non-residential real estate development & construction market rises the question, what the future demand will be for real estate space and how these will influence future development activities. The aim of this research is to provide a framework for stock-flow analysis...

The cyclic nature of real estate market is generally recognised and has received much attention. Especially, rent adjustments due to changing market conditions have been extensively studied. Quite a few authors have modelled rent adjustments as a function of (lagged) vacancy rates and others...

Since 2001 the Dutch office market is dominated by oversupply. The huge office construction output could not be absorbed by the space market. This led to a high vacancy of newly constructed offices and a dramatic decline of further office construction. At the demand side office employment and...

The spatial clustering of interconnected firms is a frequently observed phenomenon; this is also the case in Amsterdam. Clusters are believed to contribute to the economic growth of a region. The increased economic growth, results from improved enterprise competitiveness related with positive...