Industry location patterns in metropolitan area office markets - Central Business Districts versus suburbs
AbstractThis paper is an initial study of the location patterns among Information, Finance Insurance & Real Estate companies locating in Central Business Districts (CBD) versus suburbs, using SIC/NAICS codes at the zip code level. These patterns are initially studied through statistical analysis and then their effect on the probability of a company locating at a CBD versus the suburbs is determined through econometric modeling of real estate office market and economic parameters. In addition, the effect of all these factors on both areas’ vacancy rate is also studied. The studied cities include Atlanta, Boston, Chicago, Washington and Los Angeles with the study period being from 1998 through 2001, with quarterly data.
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Bibliographic InfoPaper provided by EconWPA in its series Urban/Regional with number 0509007.
Date of creation: 12 Sep 2005
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Note: Type of Document - pdf. Presented at the 2004 American Real Estate Annual meeting
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Find related papers by JEL classification:
- R - Urban, Rural, Regional, Real Estate, and Transportation Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-29 (All new papers)
- NEP-GEO-2005-09-29 (Economic Geography)
- NEP-URE-2005-09-29 (Urban & Real Estate Economics)
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- John S. Hekman, 1985. "Rental Price Adjustment and Investment in the Office Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(1), pages 32-47.
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