A Random Walk Down Main Street: Can Experts Predict Returns on Commercial Real Estate?

David Ling

Journal of Real Estate Research, 2005, vol. 27, issue 2, 137-154

Abstract: This study examines the ability of experts, specifically institutional owners and managers, to predict commercial real estate return performance in major metropolitan markets and on various property types. The findings indicate that the consensus opinions on investment conditions contained in Real Estate Research Corporation's quarterly Real Estate Investment Survey are useful in forecasting subsequent return performance. In fact, the findings document that RERC's surveys are backward looking. The implications of these findings for investors are discussed.

Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2005.12091156 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjerxx:v:27:y:2005:i:2:p:137-154

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjer20

DOI: 10.1080/10835547.2005.12091156

Access Statistics for this article

Journal of Real Estate Research is currently edited by William Hardin and Michael Seiler

More articles in Journal of Real Estate Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().