This paper demonstrates the inclusion of under-studied elements of comparison in a multiple-regression model using a national sample of commercial office building sales from 2002 to 2011. Where several of the elements of comparison tested are statistically significant predictors of price, results suggest that practitioners might utilize the coefficient estimates in two ways—quantitatively and qualitatively. For those working in larger urban areas, nationally homogenous results can provide a range of empirically established estimates for several elements of comparison. Results also provide qualitative directional guidance for local or regional elements of comparison.
|Journal||The Appraisal Journal|
|State||Published - Oct 2016|