An Analysis of Office Market Rents: Some Empirical Evidence
利用某中等城市五年的写字楼数据，分析了租金受建筑等级、位置、市场状况和合同差异的影响，并首次在建筑层面发现租金变化与空置率显著相关。
This paper provides an empirical analysis of office building rents using data for a five‐year period in a medium‐ sized city. The results indicate that rent levels respond to various factors in the expected manner: rents vary systematically across classes of buildings and locations, overall market conditions have a significant impact on rents, and contract variations are associated with rent differences. We also present the first evidence at the building level on the rent‐vacancy adjustment process. The results show a significant relationship between rent changes and vacancies.