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Office Capitalization Rates: Real Estate and Capital Market Influences
Focusing on the office capitalization rate, the central objective of this article is to shed light on two sets of issues that have not yet been fully researched. The first involves the importance ofExpand
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The Rent Adjustment Process and the Structural Vacancy Rate in the Commercial Real Estate Market
Existing studies of the office-rent adjustment process employ empirical model specifications that assume an intertemporally constant structural vacancy rate. Such specifications, however, contradictExpand
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Linkages in the construction sector
An important issue regarding the use of construction investment as a public policy tool is the magnitude of its contribution to growth and the nature of its interactions with the other sectors in theExpand
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Does the Theory of Irreversible Investments Help Explain Movements in Office–Commercial Construction?
Focusing on the relevance of the modern investment theory in explaining movements in office-commercial construction, we attempt to advance existing empirical work in two respects. First, building onExpand
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Macroeconomic Influences on Cyprus House Prices: 2006Q1- 2014Q2
This paper attempts to explain the determinants of intertemporal variations in housing prices in Cyprus over the last nine years. The analysis focuses on explaining quarterly percentage changes inExpand
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A Downside-Risk Approach to Real Estate Portfolio Structuring
Executive Summary. This study uses annual NCREIF returns to examine the implications of the Downside-Risk (DR) approach for real estate portfolio structuring and to identify the biases that may beExpand
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Industrial Rent Differentials: The Case of Greater Los Angeles
In this paper the authors explore an integrated view of the relationship between location and industrial real-estate rents within decentralized metropolises. It is postulated that variations acrossExpand
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The paper presents a first attempt to unveil the underlying determinants of the geography of R&D labs within contemporary metropolises. To this end, the study builds on the premise of contemporaryExpand
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Flight to Quality? An Investigation of Changing Price Spreads in Commercial Real Estate Markets
Purpose - – The purpose of this paper is to investigate the effect of the crisis on the pricing of asset quality attributes. This paper uses sales transaction data to examine whether flight from riskExpand
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