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The Identification Of Key Economic And Property Variables That Impact On Prime Office Rents: A Study Of Seven European Cities, Aoife Reilly
The Identification Of Key Economic And Property Variables That Impact On Prime Office Rents: A Study Of Seven European Cities, Aoife Reilly
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The aim of this dissertation is to identify and assess the impact of macroeconomic and property variables on prime office rental levels. Data from seven diverse European cities was gathered from 2000 to 2014 and statistical analysis using econometric modelling was undertaken. The results unveil a number of relationships between the explanatory variables and prime office rents. In particular, the results highlight movements in the office vacancy rate and GDP as important variables impacting change in prime office rental levels while employment, interest rates and inflation play a less significant role. Results indicate that econometric modelling has a role to …