"This paper tests whether integration value, a measure of geographic location, can help explain retail rents. The concept integration value, developed within the research field Space Syntax, can be understood as a measure of the accessibility of a certain location in a street network. The...

This paper investigates assumed capitalisation rates in 3400 DCF valuations of office properties in Stockholm, Gothenburg and Malmˆ during the time period 1998-2004. The study investigates determinants of property-level variation in cap rates and how going in and exit cap rates relate to...

The effect of accessibility upon rent is investigated for office properties located in Downtown Stockholm. Starting from the firm's cost minimization problem, a translog hedonic model is derived. The results suggest the model has good predictive power in explaining the variation in the log of...

This paper investigates price discovery over space in real estate office markets. It is argued that due to geographic variation in the costs and benefits of obtaining information, peripheral market segments move more sluggishly than central segments. In order to test this idea empirically...

An increasing amount of research has been devoted to internet search query data and its application to predict a broad variety of indicators such as stock/property markets, unemployment or flu infections.This paper aims to investigate whether changes in internet queries can be used to formulate...

This thesis advises on the optimal index construction technique on behalf of the commercial real estate broker organisation Dynamis in the Netherlands. The database contains 1993 rent-renewals in fifteen years of brokerage from 1984 to 1998. Out of the plethora of indices available in the real...

This paper aims to examine the issue of economic diversification in the context of the office markets in New York and London. These two markets are two of the most liquid office markets and attract a large degree of international investment. However, both cities are key financial service centres...

Several studies have analyzed the role of real estate in a multi asset portfolio, but little work has been done on how to formulate real estate strategies within the context of a multi asset portfolio. An unconstrained real estate strategy needs to take into account the impact of leverage as...

ERES:conference

The valuation of property in close proximity to mine shafts has become increasingly difficult with the introduction of the 20 metre rule by the Law Society in 1991 and with mortgage lenders being more aware of the risks involved in property lending. Chartered surveyors use the Red Book as a...