Is the sky the limit? High-rise buildings and office rents

被引：32
|
作者：
Koster, Hans R. A. [1 ,2 ]
van Ommeren, Jos [1 ,2 ]
Rietveld, Piet [1 ,2 ]
机构：
[1] Vrije Univ Amsterdam, Dept Spatial Econ, NL-1081 HV Amsterdam, Netherlands
[2] Tinbergen Inst, NL-1082 MS Amsterdam, Netherlands
来源：
JOURNAL OF ECONOMIC GEOGRAPHY | 2014年 / 14卷 / 01期
关键词：
Commercial buildings; building height; agglomeration economies; semiparametric regression; R30; R33; HEIGHT RESTRICTIONS; SUPPLY RESTRICTIONS; HEDONIC MODELS; MANHATTAN; PRICES; MARKET; COSTS; IDENTIFICATION; EXTERNALITIES; SKYSCRAPERS;
D O I：
10.1093/jeg/lbt008
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Modern central business districts are characterized by high-rise office buildings, but their presence cannot be explained by standard urban economic models only. We aim to explore the impact of other forces that explain the presence of tall buildings, by examining the existence of a building height premium. We find that Dutch firms are willing to pay on average about 4% more for a building that is 10 m taller, implying a substantial premium associated with tall buildings. This premium is thought to be due to a combination of a within-building agglomeration economies, a landmark and a view effect. Given functional form assumptions on the agglomeration effect, the results suggest that the sum of the landmark and view effect is about 2.8-5.5% of the rent for a building that is five times the average height.
引用
收藏
页码：125 / 153
页数：29
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