The variation of capitalization rates across submarkets within the same metropolitan area
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004.
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | en_US |
| Published: |
Massachusetts Institute of Technology
2005
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/26731 |
| _version_ | 1811069236110426112 |
|---|---|
| author | Yu, Yisheng, 1973- |
| author2 | William C. Wheaton. |
| author_facet | William C. Wheaton. Yu, Yisheng, 1973- |
| author_sort | Yu, Yisheng, 1973- |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004. |
| first_indexed | 2024-09-23T08:07:53Z |
| format | Thesis |
| id | mit-1721.1/26731 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T08:07:53Z |
| publishDate | 2005 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/267312019-04-09T16:49:33Z The variation of capitalization rates across submarkets within the same metropolitan area Yu, Yisheng, 1973- William C. Wheaton. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Urban Studies and Planning. Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Includes bibliographical references (leaves 47-48). This paper investigates the variation of capitalization rates across submarkets within the same metropolitan area by using a database with 73 transactions of office properties located in nine submarkets of Atlanta during the period from the third quarter of 2000 to the second quarter of 2003. The results show that capitalization rates are quite predictable at the submarket level. Movements of capitalization rates are shaped by local market information, national capital market information and characteristics of individual property. The study also examines the behavior of real estate investors in forming their expectations of future income streams. A cross-sectional model with time dummy variables is used in this paper. by Yisheng Yu. S.M. 2005-09-06T19:52:01Z 2005-09-06T19:52:01Z 2004 Thesis http://hdl.handle.net/1721.1/26731 59759952 en_US M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 51 leaves 187448 bytes 187259 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Urban Studies and Planning. Yu, Yisheng, 1973- The variation of capitalization rates across submarkets within the same metropolitan area |
| title | The variation of capitalization rates across submarkets within the same metropolitan area |
| title_full | The variation of capitalization rates across submarkets within the same metropolitan area |
| title_fullStr | The variation of capitalization rates across submarkets within the same metropolitan area |
| title_full_unstemmed | The variation of capitalization rates across submarkets within the same metropolitan area |
| title_short | The variation of capitalization rates across submarkets within the same metropolitan area |
| title_sort | variation of capitalization rates across submarkets within the same metropolitan area |
| topic | Urban Studies and Planning. |
| url | http://hdl.handle.net/1721.1/26731 |
| work_keys_str_mv | AT yuyisheng1973 thevariationofcapitalizationratesacrosssubmarketswithinthesamemetropolitanarea AT yuyisheng1973 variationofcapitalizationratesacrosssubmarketswithinthesamemetropolitanarea |