Office Market in China: Scale Estimation, Price Determinants and Spatial Convergence

6 Pages Posted: 24 Mar 2020 Last revised: 9 Apr 2020

See all articles by Shizhen Wang

Shizhen Wang

University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning; School of Government, Beijing Normal University

Date Written: February 2, 2020

Abstract

In this paper, we apply the Capital Depreciation Model to the estimation of office building scale in 35 major cities. The result shows that the China office market shows an average 40% increase in scale in the past 10 years.

Economic growth is the key factors influence the office building price, the influence of scale on office building price is limited. The co-movement of office building prices in China is relatively weak, but the office market is getting more connected in past years.

Keywords: Office Market Scale; Capital Depreciation Model; Real Estate Price Determinants; Price Convergence; Price Co-Movement; China Office Market

JEL Classification: C32, C58, E43, G12, G15, R3

Suggested Citation

Wang, Shizhen, Office Market in China: Scale Estimation, Price Determinants and Spatial Convergence (February 2, 2020). Available at SSRN: https://ssrn.com/abstract=3545460 or http://dx.doi.org/10.2139/ssrn.3545460

Shizhen Wang (Contact Author)

University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning ( email )

New East Building
CB #3140
Chapel Hill, NC 27599
United States

School of Government, Beijing Normal University ( email )

19 Xinjiekou Outer St
Haidian District
Beijing, 100875
China

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
15
Abstract Views
182
PlumX Metrics