A Study on the Income yield rate's Determinants of Office Building in Seoul With Cross Section and Time series data

이충재; Kim, Hocheol

Income yield rate has been a matter of concern in korea since the 1997 currency crisis. Nonetheless, few papers have been made public in Korea. The purpose of this paper is to study on the income yield rate's determinants of office building in seoul, with Cross Section and Time series data which are supported by Just-R from 2003 to 2007. In this study, we made of empirical analysis for the determinants of income yield rate in seoul's office building. Variables such as building location, security system, use limit, floor space index, vacancy rate, rate of interest were significant in regression model. Major finding are summarized as follows : Building location and rate of interest have positive effects on income yield rate. This paper is useful for office building investors and market analysts.

Citation status

KCI Citation Counts (3)
열림/닫힘 버튼
REFERENCES (15)
열림/닫힘 버튼
* 2022년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

[report] / 2003 / 2003년 ～ 2007년 오피스?매장용 빌딩 임대료 조사 및 투자수익률 추계 결과 보고서 / 건설교통부

[book] 안정근 / 2005 / 부동산평가이론 / 부연사

[journal] 손재영 / 2000 / 서울시 오피스 임대료의 횡단면 분석 / 국토계획 / 대한국국토?도시계획학회 35(5)

[journal] 양승철 / 2001 / 서울시 오피스빌딩 임대료 가격결정요인에 관한 연구 / 감정평가 논집 (11)

[journal] 변기영 / 2004 / 서울시 오피스 임대료 결정구조에 관한 연구 / 국토계획 / 대한국토?도시계획학회 39(3)

[journal] 이상경 / 2005 / Estimation of Capitalization Rates and Gross Income Multipliers in Seoul Office Market / 국토계획 / 대한국토·도시계획학회 40(6) : 245~256

[journal] 양승철 / 2006 / A Study on the Rent Determinants of Retail Property in Seoul / 감정평가 연구 16(2)

[journal] 김의준 / 2006 / Change in Determinants of Seoul Office Rental Price / 지역연구 22(2)

[journal] 전기석 / 2006 / An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area / 국토 연구 49

[journal] 이재우 / 2006 / ？Rent Determinants of Retail Properties in Seoul / 국토계획 / 대한국토?도시계획학회 41(1)

[thesis] 이윤섭 / 2005 / 상업용부동산의 수익률에 영향을 미치는 설명요인에 관한 연구 / 석사 / 경기 대학교

[thesis] 정찬윤 / 2001 / 수익환원법에 의한 부동산의 가치평가에 관한 연구 / 석사 / 호남대학교

[journal] Rena sivitanidou / 1999 / Office Capitalization Rate : Real Estate and Capital Market Influences / Joural of Real Estate Finance and Economics 18(3) : 297~322

[journal] Brennan, Thomas P / 1984 / Office Rent in the Chicago CBD / Journal of the American Real Estate and Urban Economics Association : 243~260

[journal] Kim, Byung-Wook / 1999 / Office Rent Determinants in the Seoul Area, Korea / International Journal of Urban Science : 23~36

KJC Korea
Journal Central

Statistics

Tools

Sharing

Issue List

Citation status