Supply adjustments to demand shocks in the commercial real estate market

@inproceedings{Lentz2001SupplyAT,
  title={Supply adjustments to demand shocks in the commercial real estate market},
  author={George H. Lentz and K. S. Maurice Tse},
  year={2001}
}
A two-market framework was created to analyze supply decisions in the commercial real estate market. The framework shows that rational decisions could lead to rising vacancies and increased construction. It reveals that lowering of rental rate, which is used to compel goods producer to absorb excess vacancies, is not necessarily undertaken by space producer… CONTINUE READING