Development of Hedonic Office Rent Indices: Examples for German Metropolitan Areas

Author:   Simon Kempf
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Edition:   Softcover reprint of the original 1st ed. 2016
ISBN:  

9783658140830


Pages:   371
Publication Date:   23 August 2016
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Development of Hedonic Office Rent Indices: Examples for German Metropolitan Areas


Overview

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. 

Full Product Details

Author:   Simon Kempf
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer Gabler
Edition:   Softcover reprint of the original 1st ed. 2016
Weight:   5.344kg
ISBN:  

9783658140830


ISBN 10:   3658140836
Pages:   371
Publication Date:   23 August 2016
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

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.

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Author Information

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

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