To read the full version of this content please select one of the options below:

An economic basis for the analysis and prediction of local office property markets

Colin Jones (Reader in the Department of Land Economics, University of Paisley, UK.)

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 May 1995

Abstract

Examines the economic basis of current approaches to analysing and forecasting the office property market. It considers both an aggregate regional and urban approach to these tasks, and contrasts these with a disaggregated urban/intra‐urban approach. Notes the need for local area forecasting and argues that this is most appropriate at the urban level. Appraises the barriers to future development of aggregate urban models and notes that it is currently possible to use a disaggregated approach to provide detailed local forecasts. Critically reviews the disaggregated approach with the aid of a case study of the Paisley office market. Concludes that there are considerable shortcomings in data and in the understanding of office market dynamics, and that more analysis should precede the development of forecasting models.

Keywords

Citation

Jones, C. (1995), "An economic basis for the analysis and prediction of local office property markets", Journal of Property Valuation and Investment, Vol. 13 No. 2, pp. 16-30. https://doi.org/10.1108/14635789510084702

Publisher

:

MCB UP Ltd

Copyright © 1995, MCB UP Limited