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Irodapiaci ciklusok jellemzése a hozam, a bérleti forgalom, az üresedés, a bérleti díjak és az új átadás alapján
[Yields, take-up, vacancy, rents and new supply during office-market cycles]

Author

Listed:
  • Horváth, Áron
  • Sápi, Zoltán
  • Révész, Gábor

Abstract

A tanulmány az irodapiaci ciklusokat öt indikátor alapján vizsgálja. A hozam, a bérleti forgalom, az üresedés, a bérleti díjak és az új átadás idősorait egy minden korábbi kutatásban használtnál bővebb, közel száz város mutatóit tartalmazó globális adatbázison elemeztük. Legkevésbé volatilisnak a hozamok és a bérleti díjak idősorai bizonyultak, míg az új átadás, az üresedés és a bérleti forgalom jóval nagyobb változékonyságot mutatott a vizsgált piacokon. A mutatók késleltetési és előre jelző viszonyait elemezve azt találtuk, hogy az irodapiaci hozamban bekövetkezett változást követően nagyjából három-négy hónapos késéssel azonosítható a reakció az üresedésben és a bérleti forgalomban. A bérleti díjak és az új épületek átadása még lassabban reagált, nagyjából egy év elteltével. Vizsgálatainkat a leggyakrabban használt módszereken kívül ciklusfordulópontok azonosítása alapján is elvégeztük. Journal of Economic Literature (JEL) kód: E32, R33.

Suggested Citation

  • Horváth, Áron & Sápi, Zoltán & Révész, Gábor, 2016. "Irodapiaci ciklusok jellemzése a hozam, a bérleti forgalom, az üresedés, a bérleti díjak és az új átadás alapján [Yields, take-up, vacancy, rents and new supply during office-market cycles]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 113-136.
    • Handle: RePEc:ksa:szemle:1610
    DOI: 10.18414/KSZ.2016.2.113
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets

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