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Development of Hedonic Office Rent Indices

Examples for German Metropolitan Areas

  • Book
  • © 2016

Overview

  • Publication in the field of economic sciences
  • Includes supplementary material: sn.pub/extras

Part of the book series: Essays in Real Estate Research (ERER)

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Table of contents (7 chapters)

Keywords

About this book

Simon Kempf has developed hedonic (quality-adjusted) office rent indices for German metropolitan areas. His study explores new territory as it constructs, for the first 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 office rental unit – using more than 22,005 office 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 office rent indices serve as market and economic indicators as well as a bench-marking instrument. 

Authors and Affiliations

  • Real Estate Management Institute, EBS Business School, Wiesbaden, Germany

    Simon Kempf

About the author

Dr. Simon Kempf wrote his dissertation at the Real Estate Management Institute (REMI) of the EBS European Business School.

 

Bibliographic Information

  • Book Title: Development of Hedonic Office Rent Indices

  • Book Subtitle: Examples for German Metropolitan Areas

  • Authors: Simon Kempf

  • Series Title: Essays in Real Estate Research

  • DOI: https://doi.org/10.1007/978-3-658-11170-0

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden 2016

  • Hardcover ISBN: 978-3-658-11169-4Published: 09 November 2015

  • Softcover ISBN: 978-3-658-14083-0Published: 23 August 2016

  • eBook ISBN: 978-3-658-11170-0Published: 29 October 2015

  • Series ISSN: 2570-2246

  • Series E-ISSN: 2570-2254

  • Edition Number: 1

  • Number of Pages: XLIII, 371

  • Number of Illustrations: 62 b/w illustrations

  • Topics: Real Estate Management, Finance, general, Market Research/Competitive Intelligence

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