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- W3125018085 abstract "This paper presents estimates of an equilibrium-based dynamic adjustment model of the office market, using supply and demand relationships to link construction, absorption, vacancies, and rents to employment growth and real interest rates. The model is estimated using data from the central London office market over the 1976-96 period. The model is shown to dynamically track the market well and the severe 1985-96 cycle is shown to be related to the cycle in employment growth and the surge in real interest rates. The latter affects both construction and rental adjustment." @default.
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- W3125018085 date "1999-08-26" @default.
- W3125018085 modified "2023-09-28" @default.
- W3125018085 title "The Workings of the London Office Market" @default.
- W3125018085 hasPublicationYear "1999" @default.
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