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Filtering in Office Markets: Evidence from Medium-Size Cities

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Abstract

Filtering, 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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  • Wayne R. Archer & Marc T. Smith, 1992. "Filtering in Office Markets: Evidence from Medium-Size Cities," Journal of Real Estate Research, American Real Estate Society, vol. 7(2), pages 125-138.
    • Handle: RePEc:jre:issued:v:7:n:2:1992:p:125-138
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    1. Wayne R. Archer, 1981. "Determinants of Location for General Purpose Office Firms within Medium Size Cities," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(3), pages 283-297, September.
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    Cited by:

    1. Leon Shilton & Craig Stanley, 1999. "Spatial Patterns of Headquarters," Journal of Real Estate Research, American Real Estate Society, vol. 17(3), pages 341-364.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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