Advanced Search
MyIDEAS: Login to save this article or follow this journal

Projecting Suburban Office Space Demand: Alternative Estimates of Employment in Offices

Contents:

Author Info

Registered author(s):

    Abstract

    The boom-bust cycle of the 1980s highlights the need for independent, public sector estimates of office space needs. Buildings that fail to yield full property tax revenues, stand vacant and discourage development in the surrounding environment, displace jobs without creating new ones, and merely succeed in luring tenants from older buildings, have become commonplace in the real estate bust of the late 1980s and early 1990s. The purpose of this paper is to estimate office space demand and show patterns of office space usage in a suburban county. Specifically, we estimate the share of employees in freestanding offices, by empirically observing the share of industry employment in offices in 1986. We then assess the accuracy of our values and compare our results with an alternative, occupational approach. The data is drawn from Prince George's County, Maryland, a suburban county of Washington, D.C. To briefly summarize findings, our empirically based, industry-specific approach indicates there is a changing and wide variation in the share of employment in freestanding office buildings across the two-digit service industries. However, when data are aggregated across all service industries, our results generate estimates of office employment comparable to the earlier occupational approach of Kimball and Bloomberg (1987). Both approaches produce office space demand projections within 9% to 12% of actual leased space.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol09n03/v09p369.pdf
    File Function: Full text
    Download Restriction: no

    Bibliographic Info

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

    Volume (Year): 9 (1994)
    Issue (Month): 3 ()
    Pages: 369-390

    as in new window
    Handle: RePEc:jre:issued:v:9:n:3:1994:p:369-390

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

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

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Robin A. Howarth & Emil E. Malizia, 1998. "Office Market Analysis: Improving Best-Practice Techniques," Journal of Real Estate Research, American Real Estate Society, vol. 16(1), pages 15-34.
    2. Jacques Gordon & Paige MosbaughTodd Canter & Todd Canter, 1996. "Integrating Regional Economic Indicators with the Real Estate Cycle," Journal of Real Estate Research, American Real Estate Society, vol. 12(3), pages 469-501.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:9:n:3:1994:p:369-390. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.