Models of the City of London office market are extended by considering a longer time series of data, covering two cycles, and by explicit modeling of asymmetric rental response to supply and demand model. A long run structural model linking demand for office space, real rental levels and...

Earlier estimates of the City of London office market are extended by considering a longer time series of data, covering two cycles, and by explicitly modeling of asymmetric space market responses to employment and supply shocks. A long run structural model linking real rental levels,...

This paper examines the relationships between private and listed real estate performance in a novel manner, using international data for one single real estate sector, offices. The fact that property companies are nearly fully invested in real estate should result in a high correlation between...

In this paper we examine the influence of location and clustering on office rents. We test for this influence in a longitudinal study for the city of Amsterdam over a distinctive property market cycle by means of a unique dataset which comprises the substantial majority of actual transactions....

This study examines office return determinants for major European office centers during the period 1990-2006. Our main hypothesis is that while the demand for office space is regarded as derived demand, the state of the local economy explains more about local office markets than the state of the...