Filtering in Office Markets: Evidence from Medium-Size Cities
AbstractFiltering, a change in the quality of use for a structure, has been studied extensively in housing. However, there are reasons to believe that the phenomenon is at least as significant in office markets. Reasons to expect filtering in office markets are presented in this article. Then evidence of filtering is examined from two medium-size cities. The findings are strongly consistent with the presumed effects of filtering. As expected, evidence of filtering is least significant for large downtown highrise offices, more significant among clustered suburban office buildings, and most significant among isolated office buildings.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 7 (1992)
Issue (Month): 2 ()
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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
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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