A Study of the Effect of Xi’an Subway on the Rent of Office Building

Ying Wang and Wen-jia Wei ()
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Ying Wang: Xi’an University of Architecture and Technology
Wen-jia Wei: Xi’an University of Architecture and Technology

Chapter Chapter 49 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 479-486 from Springer

Abstract: Abstract On the basis of comprehensive consideration of internal and external factors affecting the rent of office building, this article aims at the rent of the office buildings along the Xi’an Metro Line 2. It applies BP neural network model to quantitatively analyze the degree of influence of Xi’an subway on the office rent. The analysis results demonstrate that Xi’an Subway Line 2 has a significant effect on office rent. It ranked the fourth in 11 factors, effect weight of which is 10.5 %. It shows that Office enterprises especially prefer on the convenience of the subway traffic, which indicates this subway line plays an important role in enhancing the value of surrounding office properties.

Keywords: Office rents; Xi’an Subway Line 2; BP neural network model (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38391-5_49

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DOI: 10.1007/978-3-642-38391-5_49

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