Determinants of Industrial Property Value
REAL ESTATE ECONOMICS, Vol. 24 No. 2
Posted: 4 May 1998
Abstract
This paper examines the determinants of industrial property value. We use the factor-analytic linear structural relations (LISREL) model to confront measurement problems associated with related work. A simultaneous test of the effects on property value of factors summarizing physical property, national market, local market, interest rate and location variables is performed. Findings indicate that the value of industrial buildings during 1987-1991 in the Dallas/Fort Worth area is primarily related to local market effects and to physical characteristics and location of the property.
JEL Classification: R30
Suggested Citation: Suggested Citation
Lockwood, Larry J. and Rutherford, Ronald C., Determinants of Industrial Property Value. REAL ESTATE ECONOMICS, Vol. 24 No. 2, Available at SSRN: https://ssrn.com/abstract=9113
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