Development of Hedonic Of?ce Rent Indices
Examples for German Metropolitan Areas
Published on 29. October 2015
XLIII, 371 pages
978-3-658-11170-0 (ISBN)
Description
Simon Kempf has developed hedonic (quality-adjusted) of?ce rent indices for German metropolitan areas. His study explores new territory as it constructs, for the ?rst time, such indices for Germany. The author thereby has taken into account the different qualities of the underlying lease contracts regarding location factors, lease factors, building factors, equipment and layout factors of the of?ce rental unit - using more than 22,005 of?ce lease contracts stored in the Rental Databank of IPD GmbH in Wiesbaden. This hedonic index construction methodology is well known among real estate researchers and statisticians, but it has been mainly used in the residential sector. As a second novelty the multiple imputation method in the statistical analysis to solve the problem of missing data is employed. Quality-adjusted of?ce rent indices serve as market and economic indicators as well as a bench-marking instrument.
More details
Series
Edition
1st ed. 2016
Language
English
Place of publication
Wiesbaden
Germany
Publishing group
Springer Fachmedien Wiesbaden GmbH
Target group
Professional and scholarly
Illustrations
XLIII, 371 p. 62 illus.
File size
7,50 MB
ISBN-13
978-3-658-11170-0 (9783658111700)
DOI
10.1007/978-3-658-11170-0
Schweitzer Classification
Other editions
Additional editions
Book
11/2015
Springer Gabler
€106.99
Shipment within 10-15 days
Person
Dr. Simon Kempf wrote his dissertation at the Real Estate Management Institute (REMI) of the EBS European Business School.
Content
Introduction.- Theory of the Construction of Hedonic Price Indices.- Fundamental of the Office Property Market and the Implications for Hedonic Price Indices.- Office Rent Determinants.- Hedonic Aanalysis of German Office Rents.- Development, Application and Evaluation of Hedonic Office Rent Indices.- Conclusions.
