TY  - BOOK
AU  - Malle,Richard
TI  - A Simultaneous-Equation Model of the Office-Market Cycle in the Paris Area
PY  - 2011///.
							
N1  - 2
N2  - This paper presents a simultaneous-equation model for the Paris Region office market in 1994-2008. We determine the market’s supply/demand relationship by combining net absorption, the vacancy rate, real rents, and the volume of office construction starts. We then simulate office-market cycles according to different employment hypotheses up to 2020. The results show that the Paris Region employment cycle determines the cycle of office-market fundamentals. Interest rates have a limited impact on the decisions of property-market players
UR  - https://shs.cairn.info/journal-economie-et-prevision-1-2010-3-page-93?lang=en&redirect-ssocas=7080
ER  -