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Industrial Real Estate Prices and Market Efficiency

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Author Info
William L. Attebery (Department of Finance and Real Estate College of Business Administration University of Texas at Arlington Arlington, Texas 76019-0449)
Ronald C. Rutherford (Department of Finance and Real Estate College of Business Administration University of Texas at Arlington Arlington, Texas 76019-0449)
Mark E. Eakin () (Department of Information Systems and Management Sciences College of Business Administration University of Texas at Arlington Arlington, Texas 76019-0449)
Abstract

This study employs a multivariate Granger-causality procedure to examine causal relationships between selected economic and financial variables and industrial real estate prices. Empirical results indicate that relationships between several of these variables' lagged values and current values of price exist. We also find a significant relationship between past and current prices.

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File URL: http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol08n03/v08p377.pdf
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Publisher Info
Article provided by American Real Estate Society in its journal Journal of Real Estate Research.

Volume (Year): 8 (1993)
Issue (Month): 3 ()
Pages: 377-386
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:jre:issued:v:8:n:3:1993:p:377-386

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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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Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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Find related papers by JEL classification:
L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. William Rayburn & Michael Devaney & Richard Evans, 1987. "A Test of Weak-Form Efficiency in Residential Real Estate Returns," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 15(3), pages 220-233. [Downloadable!] (restricted)
  2. Karl E. Case & Robert J. Shiller, 1989. "The Efficiency of the Market for Single-Family Homes," NBER Working Papers 2506, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Linneman, Peter, 1986. "An empirical test of the efficiency of the housing market," Journal of Urban Economics, Elsevier, vol. 20(2), pages 140-154, September. [Downloadable!] (restricted)
  4. Darrat, Ali F & Glascock, John L, 1989. "Real Estate Returns, Money and Fiscal Deficits: Is the Real Estate Market Efficient?," The Journal of Real Estate Finance and Economics, Springer, vol. 2(3), pages 197-208, September.
  5. McIntosh, Willard & Henderson, Glenn V, Jr, 1989. "Efficiency of the Office Properties Market," The Journal of Real Estate Finance and Economics, Springer, vol. 2(1), pages 61-70, February.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Robert Thompson & Sotiris Tsolacos, 2000. "Projections in the Industrial Property Market using a Simultaneous Equation System," Journal of Real Estate Research, American Real Estate Society, vol. 19(2), pages 165-188. [Downloadable!]
  2. Bob Thompson & Sotiris Tsolacos, 2001. "Industrial Land Values — A Guide to Future Markets?," Journal of Real Estate Research, American Real Estate Society, vol. 21(1/2), pages 55-76. [Downloadable!]
  3. Thomas O. Jackson, 2002. "Environmental Contamination and Industrial Real Estate Prices," Journal of Real Estate Research, American Real Estate Society, vol. 23(1/2), pages 179-200. [Downloadable!]
  4. Bob Thompson & Sotiris Tsolacos, 1999. "Rent Adjustments and Forecasts in the Industrial Market," Journal of Real Estate Research, American Real Estate Society, vol. 17(2), pages 151-168. [Downloadable!]
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This page was last updated on 2009-12-3.

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