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Office rent and labor availability in the Chicago Metropolitan Area

Author(s)
Tang, Wencan, M.C.P. Massachusetts Institute of Technology
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Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
Advisor
William C. Wheaton.
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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. http://dspace.mit.edu/handle/1721.1/7582
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Abstract
This paper provides an empirical analysis of office rents using data from the 2000 U.S. Census and TWR office building data in the Chicago Metropolitan Statistical Area. The results indicate that rent levels respond to variables measuring labor availability. The relationship between spatial supply of office space and labor availability is also explored. Balanced scenarios are estimated in each unit area, and areas with an under-supply of office space demonstrate development opportunities. Land use regulation is suggested to explain the difference between the model results of the office rent and of the supply of office space.
Description
Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2008.
 
Includes bibliographical references (leaves 46-49).
 
Date issued
2008
URI
http://hdl.handle.net/1721.1/45368
Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Publisher
Massachusetts Institute of Technology
Keywords
Urban Studies and Planning.

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