An Analysis of the Factors Affecting Light Industrial Property Valuation

Brent Ambrose

Journal of Real Estate Research, 1990, vol. 5, issue 3, 355-370

Abstract: This paper uses statistical regression techniques to develop a model to explain both warehouse asking prices and warehouse quoted lease rates. In developing the statistical models, the paper provides a useful comparison between ordinary least squares (OLS), and weighted least squares (WLS) techniques. The results indicate that the market for industrial property is rational and that property characteristics determine the majority of the building value. The results also indicate the presence of a clientele effect between the market for industrial property listed for sale and property listed for lease.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (19)

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