When firms decide to change office space use, in many instances this involves relocation. Relocation involves … paper we propose and solve a model of the demand for office space with lump sum adjustment costs at the firm level ….The optimal policy for a firm is a so-called control band policy, or (s,S)-rule: leave office space use unchanged until …

, most of the larger cities probably will expect an increase in demand for residential property. The situation for office … districts looks very different. Since the demand for office space is essentially determined by the size of the active workforce …, demographic change will hit the market for office space considerably harder. For example, in the scenario on which this study is …