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Development of Hedonic Office Rent Indices - Examples for German Metropolitan Areas (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R3,750
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Development of Hedonic Office Rent Indices - Examples for German Metropolitan Areas (Paperback, Softcover reprint of the original 1st ed. 2016)
Series: Essays in Real Estate Research
Expected to ship within 10 - 15 working days
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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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