The role of the economic growth in influencing office rents and space demand has been analyzed in various studies, especially in the US and UK office markets. The equilibrium conditions between demand and supply is investigated and theoretical models, which help to explain some observed...

Research on hedonic office rent prediction is well established and numerous regression models have developed by various researchers. Proposed regression models incorporate linear or log-linear solution procedures or, in some research work, both. Mostly, comparisons between linear and log-linear...

Initial Public Offerings (IPOs) of equity securities often exhibit under-pricing; i.e. common stock values tend to rise significantly from the offer price on the first day of trading. The evidence for Real Estate Investment Trust (REIT) IPOs is less consistent. However, most studies are...

Modelling and predicting office rent have become one of the major research areas in the real estate field, for both academics and practitioners. The hedonic office rent prediction approach is the most common method based on multiple regression. The major deficiencies of the hedonic model are the...

Turkish REICs background goes back to late 1990s and their portfolio structure diversifies between different assets. Since 2005, REICs became specialized in certain areas, such as retail, residential, logistics and hotel.Residential REICs have a 'develop/sold' strategy while commercial REICs...

"Global interest in infrastructure investments is growing rapidly, driven by not only investor demand, but also the increasing need for governments to find alternative sources to fund new infrastructure projects and repair existing infrastructure. Infrastructure has evolved as one of the...

Turkish REICs became publicly listed in Istanbul Stock Exchange (ISE) since 1997. As end of 2011Q3, twenty-three REICs are listed in ISE with a total market capitalization USD 6.9 billion and the total net asset value stands at USD 10.1 billion. The sectorís aggregate discount to its NAV stands...

Hedonic office rent prediction models which are the most common method based on multiple regression are well established in the literature. A wide range of variables, categorised as econometric, architectural, spatial and tenure rights, are used in these models for various cities. In the light...

Office rent determinants are well established for various metropolitan areas in the US [2, 3, 25] and some other international centres in Europe, especially in the UK [12, 17, 28]. The site selection and investment decisions for new office construction will largely depend on the information how...

In recent studies, a wide range of variables has been suggested for modelling the variation in office rent. However, only a few of them are found to influence the explanatory power of the model significantly. Moreover, the significance of these variables varies from model to model, depending on...