Journal article
Influence of rent differentials on the choice between office rent contracts with and without relocation provisions
Real estate economics, Vol.20(2), pp.289-302
06/1992
DOI: 10.1111/1540-6229.00585
Abstract
The influence of rent differentials on the choice between rent contracts with relocation provisions and those without relocation provisions is investigated empirically, focusing on the effects of relocation provisions on office rents. In contrast to extant literature, this study uses a switching simultaneous-equations model to estimate hedonic rent functions for alternative lease contracts with choices of relocation provisions. The empirical results suggest that price considerations and certain lease terms are important determinants of the choice of office relocation rights. The results also suggest that certain tenant characteristics, like tenant size and creditworthiness, have only a marginal effect on the choice of relocation rights.
Details
- Title: Subtitle
- Influence of rent differentials on the choice between office rent contracts with and without relocation provisions
- Creators
- John Benjamin - American UniversityJ Sa-Aadu - University of IowaJames Shilling - University of Wisconsin–Madison
- Resource Type
- Journal article
- Publication Details
- Real estate economics, Vol.20(2), pp.289-302
- Publisher
- Blackwell Publishing Ltd
- DOI
- 10.1111/1540-6229.00585
- ISSN
- 1067-8433
- eISSN
- 1540-6229
- Language
- English
- Date published
- 06/1992
- Academic Unit
- Finance
- Record Identifier
- 9984380550802771
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