The Nature of Office Market Heterogeneity : Empirical Evidence and Implications for Market Forecasting Wayne Archer

Abstract

It has long been a theme of real estate professionals that real estate markets are economically fragmented. These markets are presumed to be characterized by product differentiation, by small and isolated sub-pools of participants, and by market segmentation. This view is intuitively compelling, but sobering. It taints the prospects for modern econometric… (More)

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