Development of Hedonic Ofce Rent Indices

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The book presents a groundbreaking study on hedonic office rent indices specifically for German metropolitan areas, marking the first construction of such indices in the country. Simon Kempf analyzes over 22,005 lease contracts, accounting for various quality factors like location, lease terms, and building features. Utilizing a well-established methodology typically reserved for residential studies, he also incorporates a multiple imputation method to address missing data. These quality-adjusted indices serve as vital market indicators and benchmarking tools for the real estate sector.