Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Portfolio Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Portfolio Management

The Journal of Portfolio Management

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

Which Factors Determine Transaction Activity across U.S. Metropolitan Office Markets?

Steven Devaney, Pat McAllister and Anupam Nanda
The Journal of Portfolio Management Special Real Estate Issue 2017, 43 (6) 90-104; DOI: https://doi.org/10.3905/jpm.2017.43.6.090
Steven Devaney
is an associate professor in the Henley Business School at the University of Reading in Reading, U.K
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Pat McAllister
is a professor of real estate in the Henley Business School at the University of Reading in Reading, U.K
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Anupam Nanda
is an associate professor of real estate economics in the Henley Business School at the University of Reading in Reading, U.K
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
EMEA: +44 0207 139 1600

Abstract

Variations in transaction activity between commercial real estate markets and over time are likely to have important implications for investment strategies and pricing. The authors investigate economic and real estate market factors that might drive such variations. Their article draws on data on trading volumes and turnover rates for 49 U.S. metropolitan statistical area office markets. Panel models are employed to determine which factors lead to higher or lower turnover over the 2002–2015 period. The results indicate positive associations between turnover rates and market size, economic growth, and occupancy rates. Meanwhile, higher capital market risks and transfer taxes are found to have a negative effect on turnover rates. The findings are economically plausible and robust to a variety of specifications, including different measures of turnover rates. It is also found that private investor transaction activity is less strongly affected by market fundamentals than institutional investor activity.

TOPIC: Real estate

  • © 2017 Institutional Investor, LLC
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Portfolio Management: 43 (6)
The Journal of Portfolio Management
Vol. 43, Issue 6
Special Real Estate Issue 2017
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Portfolio Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Which Factors Determine Transaction Activity across U.S. Metropolitan Office Markets?
(Your Name) has sent you a message from The Journal of Portfolio Management
(Your Name) thought you would like to see the The Journal of Portfolio Management web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Which Factors Determine Transaction Activity across U.S. Metropolitan Office Markets?
Steven Devaney, Pat McAllister, Anupam Nanda
The Journal of Portfolio Management Sep 2017, 43 (6) 90-104; DOI: 10.3905/jpm.2017.43.6.090

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Which Factors Determine Transaction Activity across U.S. Metropolitan Office Markets?
Steven Devaney, Pat McAllister, Anupam Nanda
The Journal of Portfolio Management Sep 2017, 43 (6) 90-104; DOI: 10.3905/jpm.2017.43.6.090
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • LIQUIDITY AND TRANSACTION ACTIVITY IN REAL ESTATE MARKETS
    • DATA AND SUMMARY STATISTICS
    • ECONOMETRIC MODEL
    • Results
    • CONCLUSION
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
reply@pm.research.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • News
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2023 With Intelligence Ltd | All Rights Reserved | ISSN: 0095-4918 | E-ISSN: 2168-8656

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies