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A Study on the influence of type of business of tenant to the office building rents in Seoul

  • Korea Real Estate Review
  • 2008, 18(1), pp.49-70
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

양승철 1

1(재)한국부동산연구원

Candidate

ABSTRACT

Office building supply the space to the economic activities and the demand of office building is the derived demand of economic activities. Therefore the rent is influenced by the occupation of tenants who carry industrial activities. On the other hand rent give an effect to the occupation of office building of tenants. So there are simultaneities between rent and occupation of tenant. This study made empirical analysis for the role of type of business of tenant to the rent of office buildings in Seoul, Korea, by using Two Stage Least Squares(TSLS). In ordinary least squares the type of business of tenant did not affect the rent, but in TSLS it had a affect to the rent of office building. And it was not significant to large size building model, but was significant to medium size buildings.

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