Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223872
Title: DETERMINANTS OF OFFICE OCCUPANCY COST OF GLOBAL CITIES
Authors: LEONG MEI LIAN
Keywords: Real Estate
RE
2007/2008 RE
Issue Date: 11-Aug-2017
Citation: LEONG MEI LIAN (2017-08-11). DETERMINANTS OF OFFICE OCCUPANCY COST OF GLOBAL CITIES. ScholarBank@NUS Repository.
Abstract: This research examines the effects of macroeconomic and demographics factors on the office rental across global cities. Macroeconomic and demographics factors are envisaged to influence office demand and supply, which will in turn affecting the movement of office rents. In examining the relationship between the office rents and related variables, the macroeconomic and demographics variables are categorized into demand-side and supplyside determinants. Using ordinary least square method of regression for annual data for 176 cities from 4 regions over the sample period, 2006-2007, it reveals that the macroeconomic variables such as real gross domestic product (GDP) growth, trade balance, consumer price changes and net foreign direct investment are significant in affecting office occupancy costs as compared to the demographics variables. The research findings suggest that the movement of office rents depends more on office demand which reacts to macroeconomic factors rather than supply-side factors from demographics.
URI: https://scholarbank.nus.edu.sg/handle/10635/223872
Appears in Collections:Bachelor's Theses

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