@article{ART001538104},
author={문흥식 and 최영상 and 허창근 and 도한영},
title={Empirical Study on the Determinants of Office Occupancy Cost},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2011},
volume={68},
pages={155-169},
doi={10.15793/kspr.2011.68..009}
TY - JOUR
AU - 문흥식
AU - 최영상
AU - 허창근
AU - 도한영
TI - Empirical Study on the Determinants of Office Occupancy Cost
JO - The Korea Spatial Planning Review
PY - 2011
VL - 68
IS - null
PB - 국토연구원
SP - 155
EP - 169
SN - 1229-8638
AB - This study analyses how the Product-Service factor affects the occupancy cost of office and confirms that the Location or Size factor can affect Occupancy Cost as well as they affect the Rent.Since existing domestic studies’ analysis are based on adjusted rent derived from Cheonse or monthly rent as dependent variables, there is no studies considering Occupancy Cost depends on efficiency rate, which is very important factor for a tenant to find office spaces.Whereas, this study differentiate by considering Occupancy Cost which is tenant’s opportunity cost and landlord’s competitiveness of price as a dependent variable, and verify Size factor and Location factor of office building affects Occupancy Cost like affects rent price.
As a result of empirical study, factors of an office’s location and size or elevator efficiency factor among Product-Service factors have a significant effect on Occupancy Cost likewise the existing study about rent.
The result of this study has academic meanings that supplement and enlarge the existing study about the determinant of rent via analyzing the determinant of the Occupancy Cost to global standard, and also makes real estate market to be more efficient by providing information about determinants of Occupancy Cost to market participants.
KW - Office;Occupancy Cost;Hedonic Price Function;Product-Service Factor
DO - 10.15793/kspr.2011.68..009
ER -
문흥식, 최영상, 허창근 and 도한영. (2011). Empirical Study on the Determinants of Office Occupancy Cost. The Korea Spatial Planning Review, 68, 155-169.
문흥식, 최영상, 허창근 and 도한영. 2011, "Empirical Study on the Determinants of Office Occupancy Cost", The Korea Spatial Planning Review, vol.68, pp.155-169. Available from: doi:10.15793/kspr.2011.68..009
문흥식, 최영상, 허창근, 도한영 "Empirical Study on the Determinants of Office Occupancy Cost" The Korea Spatial Planning Review 68 pp.155-169 (2011) : 155.
문흥식, 최영상, 허창근, 도한영. Empirical Study on the Determinants of Office Occupancy Cost. 2011; 68 155-169. Available from: doi:10.15793/kspr.2011.68..009
문흥식, 최영상, 허창근 and 도한영. "Empirical Study on the Determinants of Office Occupancy Cost" The Korea Spatial Planning Review 68(2011) : 155-169.doi: 10.15793/kspr.2011.68..009
문흥식; 최영상; 허창근; 도한영. Empirical Study on the Determinants of Office Occupancy Cost. The Korea Spatial Planning Review, 68, 155-169. doi: 10.15793/kspr.2011.68..009
문흥식; 최영상; 허창근; 도한영. Empirical Study on the Determinants of Office Occupancy Cost. The Korea Spatial Planning Review. 2011; 68 155-169. doi: 10.15793/kspr.2011.68..009
문흥식, 최영상, 허창근, 도한영. Empirical Study on the Determinants of Office Occupancy Cost. 2011; 68 155-169. Available from: doi:10.15793/kspr.2011.68..009
문흥식, 최영상, 허창근 and 도한영. "Empirical Study on the Determinants of Office Occupancy Cost" The Korea Spatial Planning Review 68(2011) : 155-169.doi: 10.15793/kspr.2011.68..009
