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Building Size Classification and Market Characteristics in Seoul Office Market

  • Korea Real Estate Review
  • 2005, 15(2), pp.51-65
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Lee Jae Woo ORD ID 1

1목원대학교

ABSTRACT

Building size has been considered as a critical factor in office market segmentation. However, most previous studies focused on the regional characteristics and there have been little studies in this area. This study analyzes Seoul office market characteristics by building size classification. The results of the empirical analysis show that there are differences in regional supply trends and stocks between the two market classified by office building size. Especially, there are differences in the investment circumstance, such as rent level, rate of returns(income, capital). In addition, ownership and management types are 책related to the building size. These findings support the office classification and the necessity of market research by building size in the office market analysis.

Citation status

* References for papers published after 2023 are currently being built.