We present a hedonic price analysis of office rents in Munich, Germany, based on a data set of 46 buildings. Using three parameters -- the distance to the city center ‘Marienplatz’, the distance to the Munich Airport and access to public transportation -- we build a parsimonious model of the...

As emphasised in the beginning, the considerations presented here are very preliminary by nature. Nevertheless, some of the aspects discussed seem worth summarising. First, financial markets worldwide show a tendency of asymmetric regional "clustering" with newly emerging places challenging the...