How 'Local' are Local Office Markets?


Posted: 17 Apr 1998

See all articles by Dean M. Hanink

Dean M. Hanink

University of Connecticut - Department of Geography


This paper describes empirical investigations of the geographical extent of office markets in the United States during the 1980s. A mixed temporal autoregressive model was estimated for pooled downtown office markets and pooled suburban markets. Results indicate that while the temporal autoregressive effect is stronger for office market vacancies than is the effect of the national trend, their linkages to national trends are significant. However, a mixed spatial autoregression analysis of the data pooled over time indicates that the regional office vacancy effect is stronger than the national office vacancy effect in both downtown and suburban office markets.

JEL Classification: R30

Suggested Citation

Hanink, Dean M., How 'Local' are Local Office Markets?. REAL ESTATE ECONOMICS Vol. 24 No. 3, Available at SSRN:

Dean M. Hanink (Contact Author)

University of Connecticut - Department of Geography ( email )

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