This paper considers commercial real estate markets relative to credit cycles of expansion and contraction. In this paper we integrate insights from the credit literature with insights from the long-standing literature on rental price adjustments in the space market. Do rental prices determine...

This paper considers the dynamics in real estate development over time. We extend earlier literature by considering the relationship between the various markets of housing, retail, offices and industrial real estate. Does residential real estate development complement or substitute for...

Global cities at the very top share the highest level of well-being in economic, social and cultural perspective. Connectivity thereby seems to pay off in both booms and busts, as commercial real estate market reports indicate. We analyse returns across global markets relating market dynamics to...

Understanding of one of the major building blocks of real estate development is at least partial. How do firms in the construction sector perform? Does the relative performance change over the business cycle? Do differences in performance relate to observable characteristics? Understanding the...

The authors aim to extend previous literature on variations in returns across local office markets by examining the linkage of office market dynamics (viz. dynamics in stock, vacancy and direct and indirect returns) at the European Metropolitan level to the institutional structure of local...

We introduce a methodology to estimate the households' marginal willingness to pay for housing characteristics in regulated housing markets, where houses and households are matched using queueing time. For the Amsterdam Metropolitan area, the households' marginal willingness to pay for the...

The authors aim to extend previous literature on variations in returns across local commercial markets by examining the linkage of commercial market dynamics (viz. dynamics in stock, vacancy and direct and indirect returns for offices and retail units) at the European Metropolitan level to...

Abstract. This paper aims to compare controlled and uncontrolled rental housing markets. More specifically, we ask ourselves how householdsí value of housing characteristics differs in both social rental and private rental housing markets. Further, we ask to what extent householdsí marginal...

We propose a test of the Porter hypothesis for the Dutch horticulture sector, using a stochastic production frontier analysis allowing for an inclusion of policy variables to account for the effect of environmental policy of firm performance. We find considerable heterogeneity in the way firms...

This paper studies the interaction between job mobility and housing mobility by considering the duration of commutes. Conventional models assume that the employment location has priority over the residential location and that the latter is adapted to the former. This implies that the duration of...