Information Asymmetry, Lease Incentives, and the Role of Advisors in the Market for Commercial Real Estate

Using a unique transactions dataset, this paper examines the determinants of lease incentives in the Amsterdam office market. The study focusses on the type of landlord involved (institutional/privately owned) and whether the tenant or landlord used an advisor to help them with the transaction. The results show that an institutional landlord,...

Information Asymmetry, Lease Incentives, and the Role of Advisors in the Market for Commercial Real Estate

Using a unique transactions dataset, this paper examines the determinants of lease incentives in the Amsterdam office market. The study focusses on the type of landlord involved (institutional/privately owned) and whether the tenant or landlord used an advisor to help them with the transaction. The results show that an institutional landlord,...

Verborgen leegstand

Door financiële en vastgoed crisissen en het nieuwe werken krimpt de behoefte aan kantoorruimte en kantoormarkten worden vervangingsmarkten zonder kwantitatieve behoefte aan nieuwe kantoorgebouwen: In Nederland staat momenteel 15% van de kantoorruimte leeg, waarvan 60% structurele leegstand, zonder perspectief op toekomstig gebruik. Bovenop dit...

The negative externalities of structurally vacant offices: An exploration of externalities in the built environment using hedonic price analysis

It is often assumed that a spatial concentration of structurally vacant offices results in a degradation of an area (Remøy 2010). It is argued that this has a negative influence on the attractiveness of a location for office accommodation, so that the "willingness-to-pay" of office organisations further decreases. The relationship between...

Key issues in successfull tranformations of industral heritage

Much of our industrial heritage lost its function in the transition from an industrial to a more service-based economy. Meantime, changing consumer preferences have shortened the functional and economic life cycle of buildings to such an extent that many have become vacant and obsolete. Developers tend to prefer to demolish such buildings and...