The effect of firm characteristics on the prime office accommodation decision

Abstract

This paper examines whether firm characteristics are significant determinants in leasing decisions of Australian corporate occupiers. A logistic regression is used to examine the significance of industry, company size and geographic reach of 127 ASX300 corporate occupiers on the prime or non-prime corporate office accommodation decision in Melbourne, Australia. Findings indicate that certain industry and company size characteristics are significant determinants of the prime/non-prime decision. However, the amount of influence of these characterisitics varied from a previous study. This supports claims about the geographic heterogeneity of markets suggested in earlier studies but does suggest..