Segments | Office | Industrial real estate | Sales area | |
---|---|---|---|---|
Dependent variable | Log of median sqm rental price | Log of median sqm rental price | Log of median sqm rental price | |
Variables | (1) | (1) | (2) | (1) |
Location and market rating | 0.1220*** (0.0185) | 0.2042*** (0.0147) | 0.2042*** (0.0147) | 0.1860*** (0.0205) |
Investment per resident | − 0.0072 (0.0106) | − 0.0112 (0.0117) | − 0.0112 (0.0117) | − 0.0129 (0.0167) |
Firm stock | 0.0105* (0.0041) | − 0.0229*** (0.0064) | − 0.0229*** (0.0064) | 0.0161* (0.0066) |
Supply number | 0.0027*** (0.0007) | 0.0083*** (0.0020) | 0.0083*** (0.0020) | 0.0085* (0.0034) |
Population growth | − 0.0481* (0.0188) | − 0.0244 (0.0241) | − 0.0244 (0.0242) | − 0.0465 (0.0257) |
Economic structure | − 0.4660* (0.2176) | 0.1648 (0.2176) | 0.1637 (0.2175) | − 0.8001* (0.3575) |
Yields governmental bonds (10 Y) | − 0.0043* (0.0019) | 0.0078** (0.0025) | 0.0097*** (0.0025) | |
Spread commercial | 0.0010 (0.0021) | |||
Year dummies | Yes | Yes | Yes | Yes |
Quarter dummies | Yes | Yes | Yes | Yes |
Region fixed effects | Yes | Yes | Yes | Yes |
Adj. R2 | 0.584 | 0.614 | 0.614 | 0.543 |
N | 5936 | 5936 | 5936 | 5935 |