Filtering in Office Markets: Evidence from Medium-Size Cities
Wayne R. Archer () and
Marc T. Smith
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Wayne R. Archer: Real Estate Research Center Department of Finance, Insurance and Real Estate University of Florida, Gainesville Gainesville, Florida 32611, http://www.cba.ufl.edu/fire/index.html
Marc T. Smith: Real Estate Research Center Department of Finance, Insurance and Real Estate University of Florida, Gainesville Gainesville, Florida 32611, http://www.cba.ufl.edu/fire/index.html
Journal of Real Estate Research, 1992, vol. 7, issue 2, 125-138
Abstract:
Filtering, a change in the quality of use for a structure, has been studied extensively in housing. However, there are reasons to believe that the phenomenon is at least as significant in office markets. Reasons to expect filtering in office markets are presented in this article. Then evidence of filtering is examined from two medium-size cities. The findings are strongly consistent with the presumed effects of filtering. As expected, evidence of filtering is least significant for large downtown highrise offices, more significant among clustered suburban office buildings, and most significant among isolated office buildings.
JEL-codes: L85 (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:7:n:2:1992:p:125-138
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