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Le fonctionnement des marchés de bureaux : le cas de l'agglomération Lilloise

Author

Listed:
  • Sabine Kazmierczak
  • Sonia Paty

Abstract

In this article, we first focus on a descriptive analysis of the office market in the city of Lille. Then we estimate three major equations explaining supply, demand and rental price adjustments. We observe that risky promotion projects have been replaced by pre-leases. As a consequence, new office supply does not depend any more on a vacancy rate but on a stock exchange indicator. Office demand is determined by tertiary employment and rental prices. The latter depends on its level during the past quarter and on supply and demand factors. Classification JEL : R290.

Suggested Citation

  • Sabine Kazmierczak & Sonia Paty, 2003. "Le fonctionnement des marchés de bureaux : le cas de l'agglomération Lilloise," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(3), pages 419-440.
    • Handle: RePEc:cai:rerarc:reru_033_0419
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    More about this item

    Keywords

    office markets; property cycles; investment choice;
    All these keywords.

    JEL classification:

    • R29 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other

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