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In this paper, we construct a quality-adjusted rent index for the office market in Oslo. Commonly used rent indices are … explanatory power increases considerably. Furthermore, indices controlling for micro-location portray a different picture of rent … developments than indices that do not take this into account. We also document a considerable rent premium for proximity to a metro …
Persistent link: https://www.econbiz.de/10012225935
Using a unique transactions dataset from the Amsterdam office market, this paper examines the determinants of property lease incentives. The study focuses on the type of landlord involved (institutional/private) and whether the tenant or landlord used an advisor (professional broker) to help...
Persistent link: https://www.econbiz.de/10011772996
Banks have substantial exposures to commercial real estate (CRE). Rental prices are important for CRE companies' debt-service capacity, which in turn affects the risk of future bank losses. In this paper, we estimate error correction models (ECMs) to determine the main drivers of office rents in...
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creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. … the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the …
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