Print Email Facebook Twitter The negative externalities of structurally vacant offices: An exploration of externalities in the built environment using hedonic price analysis Title The negative externalities of structurally vacant offices: An exploration of externalities in the built environment using hedonic price analysis Author Koppels, P.W. Remøy, H.T. El Messlaki, S. Faculty Architecture Department Real Estate and Housing Date 2011-06-15 Abstract It is often assumed that a spatial concentration of structurally vacant offices results in a degradation of an area (Remøy 2010). It is argued that this has a negative influence on the attractiveness of a location for office accommodation, so that the "willingness-to-pay" of office organisations further decreases. The relationship between vacancy rate (market rate) at regional and national levels and price indexes has been extensively studied. The negative externalities of structural vacancy however are often assumed, but not quantified. This study explores the possibility of quantifying externalities by hedonic price analysis. To reference this document use: http://resolver.tudelft.nl/uuid:46001f92-4128-4efe-b930-17680f1811b9 Source 18th Annual European Real Estate Society Conference: ERES 2011, Eindhoven, The Netherlands, 15-18 June 2011 Part of collection Institutional Repository Document type conference paper Rights (c) 2011 The Author(s) Files PDF 278637.pdf 438.59 KB Close viewer /islandora/object/uuid:46001f92-4128-4efe-b930-17680f1811b9/datastream/OBJ/view