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The determinants of non-residential real estate values with special reference to environmental local amenities

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  • Franco, Sofia F.
  • Cutter, W. Bowman

Abstract

This paper presents the results of an empirical study of the determinants of non-residential real estate values in Los Angeles County. The data base consists of 13, 370 property transactions from 1996 to 2005. Separate spatial econometric models are developed for industrial, commercial, retail and office properties. The study focuses on the impact on property values of environmental local amenities.

Suggested Citation

  • Franco, Sofia F. & Cutter, W. Bowman, 2022. "The determinants of non-residential real estate values with special reference to environmental local amenities," Ecological Economics, Elsevier, vol. 201(C).
    • Handle: RePEc:eee:ecolec:v:201:y:2022:i:c:s0921800922001471
    DOI: 10.1016/j.ecolecon.2022.107485
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    More about this item

    Keywords

    Non-residential Property Values; Local Amenities; Spatial and Temporal Dependence;
    All these keywords.

    JEL classification:

    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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