2026-03-14T05:06:45Z https://meikai.repo.nii.ac.jp/oai

oai:meikai.repo.nii.ac.jp:00000931 2025-07-24T10:41:47Z 159:160:185

J-REITデータに基づく構造変化を考慮した東京オフィス市場におけるキャップ・レートの弾力性に関する研究 Empirical Study of Capitalization Rate`s Elasticity on Tokyo Office Market for Structural Change based on the J-REIT data 金, 東煥 キム, ドンファン 小松, 広明 コマツ, ヒロアキ In this study, we do empirically analyze the effects of each price-forming factor overtime on the prices of offices in the Tokyo business district through using a linear Gaussian state space model that recognizes changes in the regression coefficient overtime. As a result, the office market in the Tokyo business district has shown a structural change around 2009. Moreover, the year of construction has affected less important to office prices around 2008. To have the walking distance to the nearest station is the most effective factor for the price-forming for the investment of offices in Tokyo business district regardless of the ages of the buildings. departmental bulletin paper 不動産学部論集編集委員会 2021-03-29 AM application/pdf 明海大学不動産学部論集 29 25 34 Meikai Studies in Real Estate Science AN10407624 13429302 https://meikai.repo.nii.ac.jp/record/931/files/明海大学_不動産学部論集No29_2.pdf https://meikai.repo.nii.ac.jp/records/931 jpn open access