Magazine article from our research archive:
|
|
Commercial real estate valuation, development and occupancy under leasing uncertainty.
- Article from:
-
Real Estate Economics
- Article date:
-
March 22, 2007
- Author:
- Buttimer, Richard; Ott, Steven H.
|
Copyright informationCOPYRIGHT 2007 American Real Estate & Economics Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A model of commercial property valuation is developed where individual property owners are price takers and tenants randomly arrive and depart. Spot lease and tenant reservation prices are stochastic and correlated and can divert from but eventually revert back to market equilibrium. Within this framework we examine built property values and vacancy rates for varying parameter sets representing differing markets and economic conditions. We also examine how potential and existing vacancies, spot lease prices and tenant reservation prices feed back into development decisions. We demonstrate how preleasing acts as a hedge to the developer against the risk of leasing uncertainty.
...
|
Industrial vacancy rates dip, even as construction of new factories and...
Building Design & Construction;
February 1, 2006 ;
Haughey, Jim;
333 words
......two-year space-filling spree, during which vacancy rates dipped 2% annually. The latest quarterly...pipeline full for the better part of 2006. Vacancy rates will continue to decline slowly because...with the highest and lowest industrial vacancy rates (2005 Q3 vacancy rate %) Highest ...
|
|
Office vacancy rates continue to fall.
Building Design & Construction;
March 1, 2007 ;
276 words
......same period a year earlier. Office vacancy rates are expected to stay at about this...San Francisco. In markets with high vacancy rates, such as Dallas and Boston, occupancy...Columbus, Ohio. In markets with low vacancy rates, such as Salt Lake City, occupancy...
|
|
COMMERCIAL REAL ESTATE ON UPSWING : VACANCY RATES FELL IN 3RD...
Daily News (Los Angeles, CA);
October 4, 1996 ;
596 words
......released third-quarter commercial vacancy rates Thursday. ``This quarter definitely...September for 1995 and 1996, retail vacancy rates dropped from 7.7 percent to 6.3 percent, office vacancy rates dropped from 15.5 percent to 14.2...
|
|
Retail vacancy rates: The influence of national and local economic...
Journal of Real Estate Portfolio Management;
July 1, 2000 ;
Benjamin, John D; Jud, G Donald; Winkler, Daniel T;
787 words
......examines the extent to which local retail vacancy rates are influenced by vacancy rates in surrounding communities versus the overall...autoregressive analyses of pooled retail market vacancy rates suggests that there is considerable spatial...
|
|
Vacancy rates a grim pointer OFF THE CHARTS
International Herald Tribune;
May 3, 2008 ;
Floyd Norris The New York Times Media Group;
484 words
......International Herald Tribune 05-03-2008 Vacancy rates a grim pointer OFF THE CHARTS Byline...apartments. In the rental market, the vacancy rates are close to equal for homes and apartments...apartments in recent years is that the vacancy rates in those properties are far higher...
|
|
Industrial, office vacancy rates in St. Charles County edging downward
St. Charles County Business Record;
November 5, 2007 ;
196 words
...Vacancy rates in St. Charles County's industrial...Colliers Turley Martin Tucker. Low vacancy rates indicate buildings are filling up with...quarter of 2006 was 3.1 percent vacant. Vacancy rates in the office market also are declining...
|
|
Vacancy rates just a "hiccup".
Australasian Business Intelligence;
August 23, 2001 ;
205 words
......Financial Review ABIX via COMTEX) -- High vacancy rates in inner-city apartments will only...of inner-city apartments means that vacancy rates will soon begin to fall. He claims that vacancy rates will be back at 3 per cent by late...
|
|
Melbourne vacancy rates fall.
Australasian Business Intelligence;
February 4, 2008 ;
155 words
......strips in Melbourne recorded falls in vacancy rates in the December 2007 quarter. They...Toorak Road in South Yarra. Overall, vacancy rates for prime shopping strips at the end...Shopping strips to record increased vacancy rates over the quarter included Church Street...
|
|
Apartment, Commercial Vacancy Rates Rise in Oregon as Tech Companies Fall.
Knight Ridder/Tribune Business News;
February 23, 2003 ;
534 words
......followed, marking the downturn with record vacancy rates in commercial and industrial buildings...Beaverton and Hillsboro is behind high vacancy rates in multifamily housing and commercial...space, so we just have core and shell. Vacancy rates in office buildings remain near the...
|
|
Twin Cities vacancy rates edge lower.(BUSINESS INSIDER)
Star Tribune (Minneapolis, MN);
April 17, 2006 ;
Feyder, Susan;
374 words
......recover in the first quarter, with vacancy rates in the office and industrial markets edging down and retail vacancy rates remaining steady after a sharp...percent. The declining office vacancy rates have sparked the return of new...
|
|
Signs of change; With new apartment buildings sprouting up and more people...
Star Tribune (Minneapolis, MN);
January 8, 2003 ;
Buchta, Jim;
787 words
......their worst years in almost a decade. Vacancy rates rose steadily and spiked during the...stagnant - or slid - in some cases. Vacancy rates rose from 5.2 percent during the third...the Midwest. Moe and others said that vacancy rates are much higher than Marquette Advisors...
|
|
Business vacancy rates fall; Twin Cities office vacancies lowest in 10...
Star Tribune (Minneapolis, MN);
January 7, 1999 ;
Fiedler, Terry;
760 words
......properties of 30,000 square feet or greater. Vacancy rates in downtown Minneapolis are at historic...return of 1990's 20 percent overall vacancy rates in Class A space. Bell noted that there...available. The report expected industrial vacancy rates to slowly increase to the 4.5 to ...
|
|
Vacancy Rates Dropping
Real Estate Alert;
December 16, 1996 ;
75 words
...Office vacancy rates declined in most central business districts over the past year...other end of the spectrum, four of the 32 districts posted higher vacancy rates. Atlanta had the biggest increase, jumping 4.6 percentage points...
|
|
Vacancy rates are improving
The Boston Globe;
October 21, 1992 ;
Matt Carroll, Globe Staff;
146 words
...VACANCY RATES FOR large, suburban apartment complexes...the Newton-Waltham area -- had lower vacancy rates than a year ago. On the South Shore...going into the fall season," when the vacancy rates are usually at their lowest, he said...
|
|
Office vacancy rates.(THE ECONOMY)(Brief Article)
The Kiplinger Letter;
January 21, 2005 ;
147 words
...Office vacancy rates inching lower and rents creeping higher offer another sign of an...Indianapolis, Las Vegas and Houston. NYC and Washington, D.C., already have vacancy rates of 10% or less, usually the tipping point in the supply/demand balance...
|
See all results.
Or, try our
Advanced Search.
|