The determinants of office tenant renewal
Name
58974441-MIT.pdf
Description
Full printable version
Size
435.29 KB
Format
Adobe PDF
Checksum (MD5)
3479483f7ba8e288552fd7f91cad5c2c
Author(s)
Asser, Rebecca, 1978-
Advisor(s)
William Wheaton.
Date Issued
2004
Publisher
Massachusetts Institute of Technology
Abstract
This study empirically examines the historical probability of renewal for nearly three-hundred properties across forty-one Metropolitan Statistical Areas throughout the United States. It then investigates the factors that affect the office tenant renewal decision using linear and probit regression models.Through statistical analysis, several factors emerge as influential in the renewal decision, including the size of the occupied space, the level of employment in the market, as well as location. Logical building characteristics such as the age of the space and the size of the building did not appear to have as large of an impact on renewal probability. For the more than 15,000 individual leases in this study, the overall renewal probability was lower than expected. However, the regression analysis has revealed some explanation of the difference between the actual results and the industry accepted renewal probability rate of 75%.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaf 53).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.
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