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 language | English |
|---|---|
| Journal | Real Estate Finance |
| Volume | 35 |
| Issue number | 4 |
| State | Published - Jul 2018 |