IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v35y1998i7p1097-1118.html
   My bibliography  Save this article

Spatial Variation in Office Rents within the Atlanta Region

Author

Listed:
  • Christopher R. Bollinger

    (Policy Research Center and Department of Economics, School of Policy Studies, Georgia State University, 35 Broad Street, Atlanta GA 30303, USA, prccrb@langate.gsu.edu)

  • Keith R. Ihlanfeldt

    (Policy Research Center and Department of Economics, School of Policy Studies, Georgia State University, 35 Broad Street, Atlanta GA 30303, USA, prckri@langate.gsu.edu)

  • David R. Bowes

    (Policy Research Center and Department of Economics, School of Policy Studies, Georgia State University, 35 Broad Street, Atlanta GA 30303, USA, prcdrb@langate.gsu.edu)

Abstract

Hedonic office rent models are estimated using data for Atlanta that span the years 1990-96. Controlling for typical building characteristics and lease terms, we find that variables measuring locational differences in wage rates, transport rates and proximity to concentrations of support services and office workers play an important role in explaining spatial variation in office rents. No evidence is found in support of the hypothesis that technological advances in telecommunications have diminished the role played by face-to-face agglomeration economies in determining the intra-metropolitan location of office firms.

Suggested Citation

  • Christopher R. Bollinger & Keith R. Ihlanfeldt & David R. Bowes, 1998. "Spatial Variation in Office Rents within the Atlanta Region," Urban Studies, Urban Studies Journal Limited, vol. 35(7), pages 1097-1118, June.
    • Handle: RePEc:sae:urbstu:v:35:y:1998:i:7:p:1097-1118
    DOI: 10.1080/0042098984501
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/0042098984501
    Download Restriction: no
    File URL: https://libkey.io/10.1080/0042098984501?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Edwin S. Mills, 1992. "Office Rent Determinants in the Chicago Area," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 20(2), pages 273-287, June.
    2. Glaeser, Edward L & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1992. "Growth in Cities," Journal of Political Economy, University of Chicago Press, vol. 100(6), pages 1126-1152, December.
      • Edward L. Glaeser & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1991. "Growth in Cities," NBER Working Papers 3787, National Bureau of Economic Research, Inc.
      • Glaeser, Edward Ludwig & Kallal, Hedi D. & Scheinkman, Jose A. & Shleifer, Andrei, 1992. "Growth in Cities," Scholarly Articles 3451309, Harvard University Department of Economics.
    3. Ihlanfeldt, Keith R., 1992. "Intraurban wage gradients: Evidence by race, gender, occupational class, and sector," Journal of Urban Economics, Elsevier, vol. 32(1), pages 70-91, July.
    4. Ciccone, Antonio & Hall, Robert E, 1996. "Productivity and the Density of Economic Activity," American Economic Review, American Economic Association, vol. 86(1), pages 54-70, March.
    5. Cervero, Robert, 1994. "Transit-based housing in California: evidence on ridership impacts," Transport Policy, Elsevier, vol. 1(3), pages 174-183, June.
    6. McDonald, John F., 1993. "Incidence of the Property Tax on Commercial Real Estate: The Case of Downtown Chicago," National Tax Journal, National Tax Association, vol. 46(2), pages 109-20, June.
    7. Keith R. Ihlanfeldt & Michael D. Raper, 1990. "The Intrametropolitan Location of New Office Firms," Land Economics, University of Wisconsin Press, vol. 66(2), pages 182-198.
    8. Zax, Jeffrey S., 1991. "Compensation for commutes in labor and housing markets," Journal of Urban Economics, Elsevier, vol. 30(2), pages 192-207, September.
    9. McDonald, John F., 1993. "Incidence of the Property Tax on Commercial Real Estate: The Case of Downtown Chicago," National Tax Journal, National Tax Association;National Tax Journal, vol. 46(2), pages 109-120, June.
    10. Hough, Douglas E. & Kratz, Charles G., 1983. "Can "good" architecture meet the market test?," Journal of Urban Economics, Elsevier, vol. 14(1), pages 40-54, July.
    11. John L. Glascock & Shirin Jahanian & C. F. Sirmans, 1990. "An Analysis of Office Market Rents: Some Empirical Evidence," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(1), pages 105-119, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sofia Dermisi & John F. McDonald, 2010. "Selling Prices/sq.ft. of Office Buildings in Downtown Chicago – How Much Is It Worth to Be an Old But Class A Building?," Journal of Real Estate Research, American Real Estate Society, vol. 32(1), pages 1-22.
    2. Landers, Jim, 2006. "Why Don't Enterprise Zones Work? Estimates of the Extent that EZ Benefits are Capitalized into Property Values," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 36(01), pages 1-16.
    3. Rosenthal, Stuart S. & Strange, William C., 2008. "The attenuation of human capital spillovers," Journal of Urban Economics, Elsevier, vol. 64(2), pages 373-389, September.
    4. Shihe Fu & Stephen L. Ross, 2013. "Wage Premia in Employment Clusters: How Important Is Worker Heterogeneity?," Journal of Labor Economics, University of Chicago Press, vol. 31(2), pages 271-304.
    5. William Levemier & Brian Cushing, 1994. "A New Look at the Determinants of the Intrametropolitan Distribution of Population and Employment," Urban Studies, Urban Studies Journal Limited, vol. 31(8), pages 1391-1405, October.
    6. Barrett A. Slade, 2000. "Office Rent Determinants during Market Decline and Recovery," Journal of Real Estate Research, American Real Estate Society, vol. 20(3), pages 357-380.
    7. repec:wyi:journl:002155 is not listed on IDEAS
    8. Neil Dunse & Chris Leishman & Craig Watkins, 2002. "Testing for the Existence of Office Sub-markets: A Comparison of Evidence from Two Cities," Urban Studies, Urban Studies Journal Limited, vol. 39(3), pages 483-506, March.
    9. Agarwalla, Astha, 2011. "Agglomeration Economies and Productivity Growth in India," IIMA Working Papers WP2011-01-08, Indian Institute of Management Ahmedabad, Research and Publication Department.
    10. Robert Dekle & Jonathan Eaton, 1994. "Agglomeration and the Price of Land: Evidence from the Prefectures," NBER Working Papers 4781, National Bureau of Economic Research, Inc.
    11. Giuseppe Di Liddo, 2015. "Urban sprawl and regional growth: empirical evidence from Italian Regions," Economics Bulletin, AccessEcon, vol. 35(4), pages 2141-2160.
    12. Teresa Garcia-Milà & Therese J. McGuire, 2001. "Tax incentives and the city," Economics Working Papers 631, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2001.
    13. Jordan Rappaport & Jeffrey D. Sachs, 2001. "The U.S. as a coastal nation," Research Working Paper RWP 01-11, Federal Reserve Bank of Kansas City.
    14. Roberto Ganau & Andrés Rodríguez-Pose, 2022. "Does urban concentration matter for changes in country economic performance?," Urban Studies, Urban Studies Journal Limited, vol. 59(6), pages 1275-1299, May.
    15. Duranton, Gilles & Puga, Diego, 2014. "The Growth of Cities," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 5, pages 781-853, Elsevier.
    16. Martin, Philippe & Mayer, Thierry & Mayneris, Florian, 2011. "Spatial concentration and plant-level productivity in France," Journal of Urban Economics, Elsevier, vol. 69(2), pages 182-195, March.
    17. Sirmans, G. Stacy & Diskin, Barry A. & Friday, H. Swint, 1995. "Vertical Inequality in the Taxation of Real Property," National Tax Journal, National Tax Association, vol. 48(1), pages 71-84, March.
    18. Emanuela Marrocu & Raffaele Paci & Marco Pontis, 2012. "Intangible capital and firms' productivity," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 21(2), pages 377-402, April.
    19. Henderson, Vernon & Lee, Todd & Lee, Yung Joon, 2001. "Scale Externalities in Korea," Journal of Urban Economics, Elsevier, vol. 49(3), pages 479-504, May.
    20. Aaron Chatterji & Edward Glaeser & William Kerr, 2014. "Clusters of Entrepreneurship and Innovation," Innovation Policy and the Economy, University of Chicago Press, vol. 14(1), pages 129-166.
    21. Combes, Pierre-Philippe & Lafourcade, Miren & Thisse, Jacques-François & Toutain, Jean-Claude, 2011. "The rise and fall of spatial inequalities in France: A long-run perspective," Explorations in Economic History, Elsevier, vol. 48(2), pages 243-271, April.

    More about this item

    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:sae:urbstu:v:35:y:1998:i:7:p:1097-1118. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    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.