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

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.

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