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Geographic Analysis of Trade-Offs Between Amenity and Supply Effects in New Office Buildings (Short Paper)

Authors Kazushi Matsuo , Morito Tsutsumi, Toyokazu Imazeki

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Subject Classification

ACM Subject Classification
  • Social and professional topics → Geographic characteristics
  • Applied computing → Economics
  • Information systems → Geographic information systems
  • General and reference → Empirical studies
Keywords
  • Office rent
  • new office building
  • amenity effect
  • supply effect

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Abstract

The supply of new office buildings in the neighborhood both positively and negatively affects rents. This study attempts to deepen the quantitative knowledge of this trade-off relationship and estimate the correlation between new supply and rent within a specific geographic area based on a hedonic model. Although the results exhibit biases, they indicate that supply effects become apparent after construction is completed, and that they vary geographically and are related to local market characteristics.

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Kazushi Matsuo, Morito Tsutsumi, and Toyokazu Imazeki. Geographic Analysis of Trade-Offs Between Amenity and Supply Effects in New Office Buildings (Short Paper). In 12th International Conference on Geographic Information Science (GIScience 2023). Leibniz International Proceedings in Informatics (LIPIcs), Volume 277, pp. 51:1-51:6, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2023) https://doi.org/10.4230/LIPIcs.GIScience.2023.51

Author Details

Kazushi Matsuo
  • University of Tsukuba, Japan
Morito Tsutsumi
  • University of Tsukuba, Japan
Toyokazu Imazeki
  • Commercial Property Research Institute, Inc., Tokyo, Japan

Funding

This research was supported by the Sanko Office Foundation, the Obayashi Foundation and JSPS KAKENHI Grant Number 23KJ0242.

References

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