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Chapter Two continued
CHARACTERISTICS OF THE OFFICE SPACE MARKET
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absorption rates adjustment affect rent aggregate supply Angeles area of office average building types Coldwell Banker constant dollars construction costs construction starts degree of substitutability demand for office dummy variable econometric models economic elasticity equation estimated factors firms function hedonic pricing model higher housing i(th impact included increase industry landlord lease level of office market area mean value measure Mid-Wilshire model for office number of office office buildings office employees office employment nodes office rents office space demand office space market office space services office space supplied office workers office/employment ratio operating expenses parking period ending quantity of office real estate regression coefficients rent index rent indices rent levels rent premium shell and core significant space/employee ratio stock of office study period suppliers of office supply and demand tenant improvements type of building urban Urban Economics usable area vacancy levels vacant space