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The Integration of Intrametropolitan Office Markets

Author

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  • D M Hanink

    (Department of Geography, U-148, University of Connecticut, 354 Mansfield Road, Room 438, Storrs, CT 06269-2148, USA)

Abstract

A model of an integrated metropolitan land market with respect to office location is provided. The model combines aspects of production theory and utility theory in outlining the locational choices of the office-using sector. The mixed basis of the model arises from the possibility of factor intensity reversals in the office sector which allow locational choices. Empirical tests of some of the propositions of the model yield the supporting result of a city-size effect in the linkages between downdown and suburban office-location markets.

Suggested Citation

  • D M Hanink, 1997. "The Integration of Intrametropolitan Office Markets," Environment and Planning A, , vol. 29(3), pages 391-404, March.
    • Handle: RePEc:sae:envira:v:29:y:1997:i:3:p:391-404
    DOI: 10.1068/a290391
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    References listed on IDEAS

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    1. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    2. Maddala, G S, 1971. "The Use of Variance Components Models in Pooling Cross Section and Time Series Data," Econometrica, Econometric Society, vol. 39(2), pages 341-358, March.
    3. Richard Voith & Theodore Crone, 1988. "National Vacancy Rates and the Persistence of Shocks in U.S. Office Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 437-458, December.
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    Cited by:

    1. Fuerst, Franz, 2007. "Office Rent Determinants: A Hedonic Panel Analysis," MPRA Paper 11445, University Library of Munich, Germany.

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