The London office market is one of the most researched market in the world owing both to size and data availability. Prior work modelling office market rental adjustment was based on only two decades of data that were dominated by less than an incomplete real estate cycle (Hendershott et al, 1999; 2002;...

ERES:conference

In this paper cluster analysis is used to construct homogeneous groups from 157 UK local markets using commercial property returns.