Conditions of Sale Control Variables in Hedonic Analysis of Commercial Real Estate

Andrew Sanderford, Spenser Robinson

Research output: Contribution to journalArticlepeer-review

Abstract

Analyzing CoStar office transaction data from 2002-2011, results provide evidence that conditions of sale add significant informational and econometric value to hedonic models and tend to align directionally with ex-ante expectations. Extending the informational reach and context of the regression models, quantile regressions revealed the broader and potentially more complete picture of the multiple and complex relationships between conditions of sale and transaction prices.
Original languageEnglish
JournalReal Estate Finance
Volume35
Issue number4
StatePublished - Jul 2018

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