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Office Employment Growth and the Changing Function of Cities

Leon G. Shilton and James R. Webb ()
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Leon G. Shilton: Depart of Finance Fordham University Lincoln Center Graduate School of Business New York, New York 10023, http://www.fordham.edu/cba/main.asp
James R. Webb: Department of Finance College of Business Cleveland State University Cleveland, Ohio 44115, http://business.kent.edu/academic/fin.asp

Journal of Real Estate Research, 1992, vol. 7, issue 1, 73-90

Abstract: The proportion of a city's local and regionally/nationally supported office employment changes as the city assumes more central place functions. Certain mixes of office employment should reflect the central place function of the city and promote office growth. Forty-five cities are studied using data from 1997, 1982, and 1985. The results indicate that the variance of office employment does not help predict a city's growth, but that certain cluster categories of office employment are associated with office employment growth. Finally, the results indicate that office employment profiles of cities have become more homogenized over time.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1992
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