Office Space per Worker: Evidence from Four European Markets
Most analyses of future office demand rely on employment forecasts, taking office space per worker as given. This study analyses the determinants of office space per worker. After listing a number of hypotheses, an economic explanation is developed. Office space per worker is perceived as a function of rent, expected growth of the firm and uncertainty of this growth, the lease period, substitution possibilities on the market and search and adjustment costs. Survey data from European office markets are analyzed vis a vis the hypotheses.
Volume (Year): 11 (1996)
Issue (Month): 2 ()
|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|
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|
Web: http://pages.jh.edu/jrer/about/get.htm Email:
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.:
- Oskar R. Harmon & Michael J. Potepan, 1988. "Housing Adjustment Costs: Their Impact on Mobility and Housing Demand Elasticities," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 459-478.
- Venti, Steven F. & Wise, David A., 1984.
"Moving and housing expenditure: Transaction costs and disequilibrium,"
Journal of Public Economics,
Elsevier, vol. 23(1-2), pages 207-243.
- Steven F. Venti & David A. Wise, 1982. "Moving and Housing Expenditure: Transaction Costs and Disequilibrium," NBER Working Papers 1012, National Bureau of Economic Research, Inc.
- Hugh O. Nourse, 1992. "Selecting Administrative Office Space," Journal of Real Estate Research, American Real Estate Society, vol. 7(2), pages 139-146.
- Kirk McClure, 1991. "Estimating Occupied Office Space: Comparing Alternative Forecast Methodologies," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 305-314.
- Eric A. Hanushek & John M. Quigley, 1978. "An Explicit Model of Intra-Metropolitan Mobility," Land Economics, University of Wisconsin Press, vol. 54(4), pages 411-429.
- Emil E. Malizia, 1991. "Forecasting Demand for Commercial Real Estate Based on the Economic Fundamentals of U.S. Metro Markets," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 251-266. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:11:n:2:1996:p:183-196. 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 references are entirely missing, you can add them using this form.