Real estate analysts have not had the tools to identify the functional problems of real estate because they have not focused on configuration. Space syntax is a way to represent, describe and evaluate spatial configurations or patterns created through building and urban design. Space syntax was...

After a prolonged hiatus following the boom of the 1980s, the pace of office construction has begun to increase, raising the specter of overbuilding in several metropolitan areas (MSAs). Research has shown that commercial property markets are prone to overbuilding, however, there is a dearth of...

This article compares the attributes of a hedonic model for valuing real estate located near Jackson Hole, Wyoming with the attributes of a hedonic model for valuing agricultural property located throughout the remainder of Wyoming. It is observed that attributes affecting the value of resort...

Analysis of more than seven hundred pairs of simultaneous independent appraisals of institutional-grade commercial properties shows that the standard deviation of the random component of appraisal error is approximately 2%. Random appraisal error appears constant across both time and the...

This study estimates models of industrial rents at the national level in Great Britain. James Lan Wooten and CB Hillier Parker rent indices are used to model changes in real rents. These changes are positively related to changes in real GDP and inversely affected by absorption, as measured by...

This study addresses the characteristics of a transaction-based index of commercial real estate as reported in a full-disclosure market. Prior research on transaction-based indices has enumerated various shortcomings for commercial real estate markets. This study circumvents many of these...

We investigate an optimal control approach to market timing strategy to assist property investors in deciding the allocation of investment funds between the risk-free savings deposit and the comparatively risky property investment. This strategy generates recommended investment actions, namely,...

This study constructs a nonresidential, constant-quality price index, based on the assessed-value approach, and adjusts for the possibility for sample selection bias. The sample consists of a large sample of commercial and office properties located in Charlotte, N.C. during 1981-1994....

In this article, rationales for the widespread existence of commercial real estate leasing are examined. Given the tendency of tenants to abuse property to their own advantage, there must be powerful incentives on the other side to encourage landlords and property managers to participate in the...

Based upon an the analysis of quarterly office employment and total employment changes from 1975 through 1994, this research concludes that for a majority of the fifty metropolitan areas, office employment cycles are converging towards seven year cycles. However, many of the patterns are...