Determinants of Industrial Property Value
使用LISREL模型分析1987-1991年达拉斯/沃斯堡地区工业地产价值的影响因素，发现本地市场效应、物理特征和位置是主要决定因素。
This paper examines the determinants of industrial properly value. We use the factor‐analytic linear structural relations (LISREL) model to confront measurement problems associated with related work. A simultaneous test of the effects on property value of factors summarizing physical property, national market, local market, interest rate and location variables is performed. Findings indicate that the value of industrial buildings during 1987–1991 in the Dallas/Fort Worth area is primarily related to local market effects and to physical characteristics and location of the property.