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Development of Hedonic Office Rent Indices : Examples for German Metropolitan Areas (Hardcover) (Simon

Development of Hedonic Office Rent Indices : Examples for German Metropolitan Areas (Hardcover) (Simon - image 1 of 1

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Simon Kempf has developed hedonic (quality-adjusted) of?ce rent indices for German metropolitan areas. His study explores new territory as it constructs, for the ?rst 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 of?ce rental unit – using more than 22,005 of?ce 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 of?ce rent indices serve as market and economic indicators as well as a bench-marking instrument. 

Number of Pages: 416
Genre: Business + Money Management
Sub-Genre: Finance, Marketing / Research
Series Title: Essays in Real Estate Research
Format: Hardcover
Publisher: Springer Verlag
Author: Simon Kempf
Language: English
Street Date: November 9, 2015
TCIN: 50773718
UPC: 9783658111694
Item Number (DPCI): 248-10-8211
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