A comparison of downtown and suburban office markets
Name
316043988-MIT.pdf
Description
Full printable version
Size
238.15 KB
Format
Adobe PDF
Checksum (MD5)
b54cb5f814d952cfafc13892f6bdb879
Author(s)
Patel, Nikhil, S.M. Massachusetts Institute of Technology
Advisor(s)
William Wheaton.
Date Issued
2008
Publisher
Massachusetts Institute of Technology
Abstract
There have been many studies about office demand with relation to employment focused at the MSA level. This paper investigates the relationship between office demand and office employment between downtown and suburban markets. The paper provides an analysis of office demand and employment across 43 downtown markets and 52 suburban markets for the years 1998 and 2006. Correlation and multi-variable regression analysis are used to determine the relationship between office demand, employment, and rent as well as the relationship between downtown and suburban markets. The analysis is divided into three parts. The first part focuses on levels of office employment against levels of office demand in each market for each year separately. The second section investigates the change in office demand against the change in employment and rents for each market over the two years. Finally, the third part analyzes the relationship of office demand, employment and rent between downtown and suburban markets. The paper uses employment data categorized by industry using the North American Industry Classification System (NAICS). Employee counts are estimated from the establishment data available by zip code from the U.S. Census Bureau. By using employment data at the zip code level, the study is able to split the MSA into downtown and suburban markets. The study focuses on six industries thought to use the majority of office space.
Description
Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2008.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaves 50-51).
Subjects
Urban Studies and Planning.
Center for Real Estate.
MIT Department
Massachusetts Institute of Technology. Center for Real Estate
Massachusetts Institute of Technology. Department of Urban Studies and Planning
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