Determining the Rental Rate on Commercial Real Estate Leases

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Title

Determining the Rental Rate on Commercial Real Estate Leases

Content partner

University of Canterbury Library

Collection

UC Research Repository

Description

Although the theoretical framework for determining equilibrium rental rates on commercial land is well-established, applying this framework in practice is difficult because of its dependence on unobservable parameters such as land growth and discount rates. We show how this problem can be overcome by a straightforward application of nonlinear regression methods to actual market transactions involving leased commercial land. This approach avoids the need to invoke ad-hoc parameter values, auto...

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Format

Research paper

Research format

Conference paper

Date created

2008

Creator

Boyle, G. / Quigley, N. / Guthrie, G.

URL

http://hdl.handle.net/10092/2395

Related subjects

leasing / land / rental rates / maximum-likelihood / Fields of Research::340000 Economics::340400 Econometrics

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