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Industry location patterns in metropolitan area office markets - Central Business Districts versus suburbs

Sofia Dermisi
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Sofia Dermisi: Roosevelt University

Urban/Regional from University Library of Munich, Germany

Abstract: This paper is an initial study of the location patterns among Information, Finance Insurance & Real Estate companies locating in Central Business Districts (CBD) versus suburbs, using SIC/NAICS codes at the zip code level. These patterns are initially studied through statistical analysis and then their effect on the probability of a company locating at a CBD versus the suburbs is determined through econometric modeling of real estate office market and economic parameters. In addition, the effect of all these factors on both areas’ vacancy rate is also studied. The studied cities include Atlanta, Boston, Chicago, Washington and Los Angeles with the study period being from 1998 through 2001, with quarterly data.

JEL-codes: R (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo and nep-ure
Date: 2005-09-12
Note: Type of Document - pdf. Presented at the 2004 American Real Estate Annual meeting
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Handle: RePEc:wpa:wuwpur:0509007