The effect of firm characteristics on the prime office accommodation decision
Mariko Kimura, Christopher Heywood, Kimberly Winson-Geideman
Pacific Rim Property Research Journal | Taylor & Francis | Published : 2019
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..View full abstract
This research won best paper in the Corporate Real Estate category sponsored by CoreNet Global for papers presented at the 2019 American Real Estate Society annual meeting in Scottsdale, Arizona USA.