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Development of Hedonic Office Rent Indices: Examples for German Metropolitan Areas: Essays in Real Estate Research

Autor Simon Kempf
en Limba Engleză Hardback – 9 noi 2015
Simon Kempf has developed hedonic (quality-adjusted) office rent indices for German metropolitan areas. His study explores new territory as it constructs, for the first time, such indices for Germany. The author thereby has taken into account the different qualities of the underlying lease contracts regarding location factors, lease factors, building factors, equipment and layout factors of the office rental unit – using more than 22,005 office lease contracts stored in the Rental Databank of IPD GmbH in Wiesbaden. This hedonic index construction methodology is well known among real estate researchers and statisticians, but it has been mainly used in the residential sector. As a second novelty the multiple imputation method in the statistical analysis to solve the problem of missing data is employed. Quality-adjusted office rent indices serve as market and economic indicators as well as a bench-marking instrument. 
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Specificații

ISBN-13: 9783658111694
ISBN-10: 3658111690
Pagini: 371
Ilustrații: XLIII, 371 p. 62 illus.
Dimensiuni: 148 x 210 x 24 mm
Greutate: 0.64 kg
Ediția:1st ed. 2016
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Seria Essays in Real Estate Research

Locul publicării:Wiesbaden, Germany

Public țintă

Research

Cuprins

Introduction.- Theory of the Construction of Hedonic Price Indices.- Fundamental of the Office Property Market and the Implications for Hedonic Price Indices.- Office Rent Determinants.- Hedonic Aanalysis of German Office Rents.- Development, Application and Evaluation of Hedonic Office Rent Indices.- Conclusions.

Notă biografică

Dr. Simon Kempf wrote his dissertation at the Real Estate Management Institute (REMI) of the EBS European Business School.
 

Textul de pe ultima copertă

Simon Kempf has developed hedonic (quality-adjusted) office rent indices for German metropolitan areas. His study explores new territory as it constructs, for the first time, such indices for Germany. The author thereby has taken into account the different qualities of the underlying lease contracts regarding location factors, lease factors, building factors, equipment and layout factors of the office rental unit – using more than 22,005 office lease contracts stored in the Rental Databank of IPD GmbH in Wiesbaden. This hedonic index construction methodology is well known among real estate researchers and statisticians, but it has been mainly used in the residential sector. As a second novelty the multiple imputation method in the statistical analysis to solve the problem of missing data is employed. Quality-adjusted office rent indices serve as market and economic indicators as well as a bench-marking instrument.
Contents
  • Fundamental of the Office Property Market and the Implications for Hedonic Price Indices
  • Office Rent Determinants
  • Hedonic Analysis of German Office Rents
  • Development, Application and Evaluation of Hedonic Office Rent Indices
Target Groups
  • Researchers in the field of real estate management and investment
  • Real estate developers, portfolio managers, investors, valuers, occupiers
About the Author
Dr. Simon Kempf wrote his dissertation at the Real Estate ManagementInstitute (REMI) of the EBS European Business School.

Caracteristici

Publication in the field of economic sciences Includes supplementary material: sn.pub/extras