시계열 분석을 이용한 오피스 임대료 모형 구축
Developing Office Rent Model by Time-Series Analysis
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Abstract
The purpose of this paper is to develop office rent model by time-series analysis. Seoul office market has rapidly expanded since the 1997 currency crisis. Demand for reliable data and market analysis are rising as a result, but little research effort has been put into this field largely for lack of accumulated data and well-organized research frame. In this paper, multiple regression model is employed to analyze quarterly Seoul office rent series since 1991, produced by a private office market consulting firm, with macro-economic indices as explanatory variables. It is revealed that GDP, office employment, permission area of commercial building construction and CPI are the main influential factors on Seoul office rent, however, their influential patterns are not same in the 3 sub-office markets of Seoul(CBD, KBD, YBD). Based on the research findings, we suggest that analysis on the office market dynamics in Seoul need to be conducted separately by sub-office markets.
참고문헌 (19)
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