Patterns of Office Employment Cycles

Leon Shilton ()
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Leon Shilton: Fordham Graduate School of Business New York, New York 10023, http://www.fordham.edu/cba/main.asp

Journal of Real Estate Research, 1998, vol. 15, issue 3, 339-354

Abstract: Based upon an the analysis of quarterly office employment and total employment changes from 1975 through 1994, this research concludes that for a majority of the fifty metropolitan areas, office employment cycles are converging towards seven year cycles. However, many of the patterns are emerging and for one-third of the cities, the office employment changes are a random walk. While changes in office employment and total employment are correlated, neither series lags or leads the other. Office employment grew faster than total employment, but office employment changes were more volatile.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1998
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