the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …

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 …

.Design/methodology/approach – The authors apply a semi-log ordinary least squares hedonic regression approach to estimate either contract rent or the … total costs of occupancy (TOC) ('grossed up' rent). Furthermore, the authors adopt a training/test split in the observed … leasing context have significant implications for practice. First, an AVM can act as an impartial arbiter in market rent …