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Multifamily Housing: A Review of Theory and Evidence

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  • Emily Norman Zietz

    ()
    (Middle Tennessee State University, Murfreesboro, TN 37132)

Abstract

The growing importance of multifamily housing as a viable choice of residence is evidenced by the number of empirical and theoretical studies in real estate literature. Researchers have investigated the role of this sector of the real estate market for decades. This survey article examines more than one hundred studies and categorizes them into five groups: economic and market efficiency issues; property valuation and appraisal issues; regulatory, zoning, and clustering of multifamily complexes; costs, returns, and rental income issues; and demand, vacancy, and occupancy issues. This study seeks to provide a concise, categorical presentation of findings on issues related to the environment and performance of multifamily housing.

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File URL: http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol25n02/07.185_244.pdf
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Bibliographic Info

Article provided by American Real Estate Society in its journal Journal of Real Estate Research.

Volume (Year): 25 (2003)
Issue (Month): 2 ()
Pages: 185-244

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Handle: RePEc:jre:issued:v:25:n:2:2003:p:185-244

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Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
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Web page: http://www.aresnet.org/

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Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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Web: http://aux.zicklin.baruch.cuny.edu/jrer/about/get.htm

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Cited by:
  1. Beth Wilson & James Frew, 2007. "Apartment Rents and Locations in Portland, Oregon: 1992 – 2002," Journal of Real Estate Research, American Real Estate Society, vol. 29(2), pages 201-218.
  2. Cynthia Holmes & Michael LaCour-Little, 2007. "Multifamily Mortgage Lending: A Comparison of the U.S. and Canada," International Real Estate Review, Asian Real Estate Society, vol. 10(1), pages 151-170.
  3. Marcus Allen & Ronald Rutherford & Thomas Thomson, 2009. "Residential Asking Rents and Time on the Market," The Journal of Real Estate Finance and Economics, Springer, vol. 38(4), pages 351-365, May.

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