Print Email Facebook Twitter The in-transparency of the Amsterdam office market - The underlying incentive and effective rental price development Title The in-transparency of the Amsterdam office market - The underlying incentive and effective rental price development: A quantitative research into the market dynamics and spatial segmentation of the Amsterdam office market over the period 2002-2012 Author Boots, R.C. Contributor Koppels, P.W. (mentor) Remoy, H. (mentor) Rooij, R. (mentor) Faculty Architecture and The Built Environment Department Real Estate & Housing Programme Real Estate Economics Date 2014-05-23 Abstract The Amsterdam office market is characterized by large fluctuations in vacancy rates the last 10 years. Especially during the burst of the ICT-bubble (2001-2003), and in the period before and at the start of the economic recession (2007-2009), the vacancy rates increased a lot in the market. However, a ‘paradoxical situation’ occurred as the reported average rent levels do not demonstrate the sever price decrease one might expect. In contrast, the rent levels remain relatively stable in the market. One of the explanations for this occurrence is due to the provision of so-called lease-incentives by landlords instead of decreasing their rental price. As published rental prices are not corrected for these incentives, the rental price development remains on a relatively stable level. However, the true and underlying rental price corrected for incentives might differ from the published rental prices. In addition, the underlying rental price development might indicate a more realistic relation with the vacancy rate in the Amsterdam office market. This master thesis will research this phenomenon in the Amsterdam office market over the period 2002-2012. Subject incentives To reference this document use: http://resolver.tudelft.nl/uuid:0ca43e70-d85e-4b59-9e58-0e23d7be997b Part of collection Student theses Document type master thesis Rights (c) 2014 Boots, R.C. Files PDF Boots_RC-The_intransparen ... market.pdf 19.99 MB PDF RCBoots_P5_Presentation_D ... TIEF_2.pdf 6.83 MB Close viewer /islandora/object/uuid:0ca43e70-d85e-4b59-9e58-0e23d7be997b/datastream/OBJ2/view