A Study on the Determinatives of Office Rent in Seoul

서울시 오피스 임대료 결정구조에 관한 연구

Byun, Ki-Young;Lee, Chang-Soo
변기영;이창수

  • Published : 2004.06.30

Abstract

The purpose of this study is to analyze determinatives of office rent in Seoul. This studies that have been done focus on building characteristics, locational characteristics and functional characteristics on office rent. Office rent is influenced by not only physical characteristics but also nonphysical characteristics of building and is influenced by locational and functional characteristics of the district which located in building. In this point, Hedonic office rent models are estimated using comprehensive data for 3 office sub-market in seoul. We find that office rent is influenced in all districts by total building square meter reflecting building size and in two districts by building owner(large sized enterprise) reflecting distinguish rent strategy. We find that office rent is influenced by micro accessibility (distance from Subway station ect) but there are the distinct differences in influence element. Such result can be attributed to the distinct difference in transportation system. Also, business-density and service-density reflecting the degree of function concentration play an important role in explaining the distinct difference in office rent.

Keywords

References

  1. 국토계획 v.35 no.5 서울시 오피스 임대료의 횡단면 분석 손재영;김경환
  2. 국토계획 v.37 no.4 서울 오피스시장의 임대료지수 개발에 관한 연구 손진수;김병욱
  3. 도심상업지역의 입체적 입지특성분석을 통한 용도결정에 관한 연구 이경춘
  4. 대한국토도시계획학회 추계학술대회 논문집 서울시 오피스 임대료의 권역별 차이 연구 이동규;최막중
  5. 동경대도시권에서 도심부고차업무기능의 교외이전에 관한 연구 이정훈
  6. 서울시 상업지역의 계층구조와 유형분석에 관한 연구 이창수
  7. 국토계획 v.37 no.3 서울시 오피스 하위시장의 전월세환산률 차이에 관한 연구 최막중;방제익
  8. 서울시 오피스 임대시장 지역간 차이에 관한 연구 허진호
  9. paper presented at EUROPE/RAPI Regional Conference Office Rent Determinants in the Seoul Area, Korea Kim, Byung-Wook;Lee, Sang-Young;Lee, Hyun
  10. Urban Studies v.35 no.7 Spatial Variation in Office Rents within the Atlanta Region Bollinger, Christopher R.;Ihlanfeldt, Keith R.;Bowes, David R.