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A Study on Factors Affecting the Size of Office Building’s Total Operating Expenses -Focused on the Asset Management Company’s Office Building-

  • Korea Real Estate Review
  • 2012, 22(3), pp.107-128
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

KIM SUN JU ORD ID 1 Seon-Jong Yoo 2 박성호 3

1경기대학교
2건국대학교
3국민대학교

Accredited

ABSTRACT

The sample is the data of 37 Commercial Real Estates that is managed by A property management company in 2010. The five determining variables (local, Exclusive rate, elapsed years, number of ground floor, Land area) were analyzed. Following are the order of standardized coefficients for these variables: ‘Number of ground Floor’(0.516)>‘Land area’(-0.379)>‘Exclusive rate’(- 0.347)>‘Local’(0.144)>‘Elapsed years’(0.081). Based on the results of multiple regression analysis of more than office buildings, suggesting implications for asset management are as follows. First, the number of ground floor to the higher increase in operating expenses. Therefore, asset management, high-rise office building operating expenses. Second, Exclusive rate, the more it will decrease operating expenses. Third, the “land area” is the greater increase in total operating expenses. Land area the size of the office building, so closely related to the size and increasing the land area will increase the scale of office buildings. Fourth, Local is not greater influence. The difference between metropolitan areas of the regional differences that occur close all elements due to the difference in labor costs are identical and so its impact is considered significant that does not appear. Finally, the ‘Elapsed years’ the larger the increase in operating expenses.

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