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A Hedonic Model of Office Prices in Paris and its Immediate Suburbs

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  • Ingrid Nappi‐Choulet
  • Isabelle Maleyre
  • Tristan‐Pierre Maury

Abstract

This paper applies the hedonic method to analysis the office transaction prices for central Paris and its immediate suburbs. We concentrate on the market's two main business districts (the CBD and La Défense). The aim of the paper is to examine the impact of the property markets' spatial and real estate characteristics on office transaction prices, and to compare price cycles, in order to see whether these two business districts differ from the overall office market comprised of Paris and its immediate suburbs over the 1991--2005 study period. Finally, we propose a new hedonic price index for the Paris office property market.

Suggested Citation

  • Ingrid Nappi‐Choulet & Isabelle Maleyre & Tristan‐Pierre Maury, 2007. "A Hedonic Model of Office Prices in Paris and its Immediate Suburbs," Journal of Property Research, Taylor & Francis Journals, vol. 24(3), pages 241-263, September.
  • Handle: RePEc:taf:jpropr:v:24:y:2007:i:3:p:241-263
    DOI: 10.1080/09599910701599290
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    Cited by:

    1. Emília Malcata-Rebelo & Paulo Pinho, 2010. "Evaluation and Monitoring of Office Markets," Environment and Planning B, , vol. 37(2), pages 305-325, April.
    2. Eda Ustaoglu & Filipe Batista e Silva & Carlo Lavalle, 2020. "Quantifying and modelling industrial and commercial land-use demand in France," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(1), pages 519-549, January.
    3. Michael White & Qiulin Ke, 2014. "Investigating the dynamics of, and interactions between, Shanghai office submarkets," Journal of Property Research, Taylor & Francis Journals, vol. 31(1), pages 26-44, March.
    4. Catherine Bruneau & Souad Cherfouh, 2015. "Long-run equilibrium for the Greater Paris office market and short-run adjustments," Journal of Property Research, Taylor & Francis Journals, vol. 32(4), pages 301-323, December.
    5. Radmila Datsenko, 2013. "House Price Dynamics : The French Case," Post-Print halshs-03373717, HAL.
    6. Evren Ozus, 2009. "Determinants of Office Rents in the Istanbul Metropolitan Area," European Planning Studies, Taylor & Francis Journals, vol. 17(4), pages 621-633, April.

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