IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v25n22003p145-158.html
   My bibliography  Save this article

Apartment Security: A Note on Gated Access and Rental Rates

Author

Listed:
  • William G. Hardin III

    (Mississippi State University, Mississippi State, MS 39762-9580)

  • Ping Cheng

    (Salisbury State University, Salisbury, MD 21801)

Abstract

The effect of gated access restrictions on garden apartment rents is empirically evaluated. Garden apartment rents are positively related to the presence of gated access constraints, although the combination of in-unit alarms with gated access is rent neutral. One-bedroom and two-bedroom units garner higher rents with the presence of gated access constraints. The research extends prior research on high-rise units indicating that 24-hour security positively impacts occupancy and gross rental income. Given that the study uses data from only one market, additional research for other cities and regions is warranted.

Suggested Citation

  • William G. Hardin III & Ping Cheng, 2003. "Apartment Security: A Note on Gated Access and Rental Rates," Journal of Real Estate Research, American Real Estate Society, vol. 25(2), pages 145-158.
    • Handle: RePEc:jre:issued:v:25:n:2:2003:p:145-158
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol25n02/04.145_158.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhengzhen Tan & Siqi Zheng & Juan Palacios & Carl Hooks, 2021. "Market Adoption of Healthy Buildings in the Office Sector: A Global Study from the Owner's Perspective," International Real Estate Review, Global Social Science Institute, vol. 24(2), pages 253-292.
    2. Pnina O Plaut, 2011. "The Characteristics and Tradeoffs of Households Choosing to Live in Gated Communities," Environment and Planning B, , vol. 38(5), pages 757-775, October.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:25:n:2:2003:p:145-158. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.