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

  • Korea Real Estate Review
  • 2008, 18(1), pp.31-48
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

이충재 1 Kim, Hocheol 1

1단국대학교

Candidate

ABSTRACT

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

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