15
Views
2
CrossRef citations to date
0
Altmetric
Research Articles

Estimating Natural Vacancy Rates with Unknown Break Points for the Chicago Rental Housing Market

Pages 61-74 | Published online: 17 Jun 2020

  • Andrews, D.W.K. Tests for Parameter Instability and Structural Change with Unknown Change Point. Econometrica, 1993, 61, 821-56. Tests for Parameter Instability and Structural Change with Unknown Change Point. Econometrica 61 821 56
  • Bai, J. Estimation of a Change Point in Multiple Regression Models. Review of Economics and Statistics, 1997a, 79:4, 551-63. Estimation of a Change Point in Multiple Regression Models Review of Economics and Statistics 79 551 63
  • Bai, J. Estimating Multiple Breaks One at a Time. Econometric Theory, 1997b, 13, 315-52. Estimating Multiple Breaks One at a Time Econometric Theory 13 315 52
  • Bai, J. and P. Perron. Estimating and Testing Linear Models with Multiple Structural Changes. Econometrica, 1998, 66:1, 47-78. Estimating and Testing Linear Models with Multiple Structural Changes. Econometrica 66 47 78
  • Belsky, E. and J.L. Goodman Jr. Explaining the Vacancy Rate-rent Paradox of the 1980s. Journal of Real Estate Research, 1996, 11, 309-23. Explaining the Vacancy Rate-rent Paradox of the 1980s. Journal of Real Estate Research 11 309 23
  • Chaplin, R. Predicting Real Estate Rents: Walking Backwards into the Future. Journal of Property Investment and Finance, 2000, 18:3, 352-70. Predicting Real Estate Rents: Walking Backwards into the Future. Journal of Property Investment and Finance 18 352 70
  • D’Arcy, E., T. McGough, and S.Tsolacos. National Economic Trends, Market Size and City Growth Effects on European Office Rents. Journal of Property Research, 1997, 14:4, 297- 308. National Economic Trends, Market Size and City Growth Effects on European Office Rents. Journal of Property Research 14 297 297
  • D’Arcy, E., T. McGough, and S. An Econometric Analysis and Forecasts of the Office Rental Cycle in the Dublin Area. Journal of Property Research, 1999, 16:4, 309-21. An Econometric Analysis and Forecasts of the Office Rental Cycle in the Dublin Area. Journal of Property Research 16 309 21
  • DiPasquale, D. and W.C. Wheaton. The Cost of Capital, Tax Reform, and the Future of the Rental Housing Market. Journal of Urban Economics, 1992, 31, 337-59. The Cost of Capital, Tax Reform, and the Future of the Rental Housing Market. Journal of Urban Economics 31 337 59
  • Eubank, A.A. and C.F. Sirmans. The Price Adjustment Mechanism for Rental Housing in the United States. Quarterly Journal of Economics, 1979, 93, 163-83. The Price Adjustment Mechanism for Rental Housing in the United States. Quarterly Journal of Economics 93 163 83
  • Follain, J.R. and D.C. Ling. Another Look at Tenure Choice, Inflation, and Taxes. Journal of the American Real Estate and Urban Economics Association, 1988, 16:3, 207-29. Another Look at Tenure Choice, Inflation, and Taxes. Journal of the American Real Estate and Urban Economics Association 16 207 29
  • Gabriel, S.A. and F.E. Nothaft. Rental Housing Markets and the Natural Vacancy Rate. Journal of the American Real Estate and Urban Economics Association, 1988, 16, 419-29. Rental Housing Markets and the Natural Vacancy Rate. Journal of the American Real Estate and Urban Economics Association 16 419 29
  • Gabriel, S.A. and F.E. Nothaft. Rental Housing Markets, the Incidence and Duration of Vacancy and the Natural Vacancy Rate. Journal of Urban Economics, 2001, 49:1, 121-49. Rental Housing Markets, the Incidence and Duration of Vacancy and the Natural Vacancy Rate. Journal of Urban Economics 49 121 49
  • Glascock, J.L., S. Jahanian, and C.F. Sirmans. An Analysis of Office Market Rents: Some Empirical Evidence. Journal of the American Real Estate and Urban Economics Association, 1990, 18:1, 105-19. An Analysis of Office Market Rents: Some Empirical Evidence. Journal of the American Real Estate and Urban Economics Association 18 105 19
  • Gyourko, J. and R. Voith. Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies. Journal of the American Real Estate and Urban Economics Association, 1993, 21:1, 83-106. Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies. Journal of the American Real Estate and Urban Economics Association 21 83 106
  • Heckman, J.S. Rental Price Adjustment and Investment in the Office Market. Journal of the American Real Estate and Urban Economics Association, 1985, 13, 32-47. Rental Price Adjustment and Investment in the Office Market. Journal of the American Real Estate and Urban Economics Association 13 32 47
  • Hendershott, P.H. and J. Slemrod. Taxes and the User Cost of Capital for Owner-Occupied Housing. Journal of the American Real Estate and Urban Economics Association, 1983, 10: 4, 375-93. Taxes and the User Cost of Capital for Owner-Occupied Housing. Journal of the American Real Estate and Urban Economics Association 10 4 4
  • Hendershott, P.H. and D.C. Ling. Prospective Changes in Tax Law and the Value of Depreciable Real Estate. Journal of the American Real Estate and Urban Economics Association, 1984, 12, 297-317. Prospective Changes in Tax Law and the Value of Depreciable Real Estate. Journal of the American Real Estate and Urban Economics Association 12 297 317
  • Hendershott, P.H. and D.R. Haurin. Adjustments in the Real Estate Market. Journal of the American Real Estate and Urban Economics Association, 1988, 16:4, 343-53. Adjustments in the Real Estate Market. Journal of the American Real Estate and Urban Economics Association 16 343 53
  • Hendershott, P.H., C.M. Lizieri, and G.A. Matysiak. The Workings of the London Office Market. Real Estate Economics, 1999, 27:2, 365-87. The Workings of the London Office Market. Real Estate Economics 27 365 87
  • Hendershott, P.H., B.D. MacGregor, and R.Y.C.Tse. Estimation of the Rental Adjustment Process. Real Estate Economics, 2002, 30:2, 165-83. Estimation of the Rental Adjustment Process. Real Estate Economics 30 165 83
  • Himmelberg, C., C. Mayer, and T. Sinai. Assessing High House Prices: Bubbles, Fundamentals and Misperceptions. Journal of Economic Perspectives, 2005, 19:4, 67-92. Assessing High House Prices: Bubbles, Fundamentals and Misperceptions. Journal of Economic Perspectives 19 67 92
  • Keogh, G., T. McGough, and S. Tsolacos. Modelling Use, Investment, and Development in the British Office Market. Environment and Planning A, 1998, 30, 1409-27. Modelling Use, Investment, and Development in the British Office Market. Environment and Planning A 30 1409 27
  • Liu, J., S. Wu, and J.V. Zidek. On Segmented Multivariate Regressions. Statistica Sinica, 1997, 7, 497-525. On Segmented Multivariate Regressions. Statistica Sinica 7 497 525
  • Kim, J.W., D.J. Leatham, and D.A. Bessler. REITs’ Dynamics under Structural Change with Unknown Break Points. Journal of Housing Economics, 2007, 16, 37-58. REITs’ Dynamics under Structural Change with Unknown Break Points. Journal of Housing Economics 16 37 58
  • McDonald, J.F. Rent, Vacancy and Equilibrium in Real Estate Markets. Journal of Real Estate Practice and Education, 2000, 3:1, 55-69. Vacancy and Equilibrium in Real Estate Markets. Journal of Real Estate Practice and Education 3 55 69
  • Mills, E. Crisis and Recovery in Office Markets. Journal of Real Estate Finance and Economics, 1995, 10:1, 49-62. Crisis and Recovery in Office Markets. Journal of Real Estate Finance and Economics 10 49 62
  • Pollakowski, H.O., S.M. Watcher, and L. Lynford. Did Office Size Matter in the 1980s? A Time Series Cross-sectional Analysis of the Metropolitan Area Office Markets. Journal of the American Real Estate and Urban Economics Association, 1992, 20:2, 303-24. Did Office Size Matter in the 1980s? A Time Series Cross-sectional Analysis of the Metropolitan Area Office Markets. Journal of the American Real Estate and Urban Economics Association 20 303 24
  • Poterba, J. Tax Subsidies to Owner-occupied Housing: An Asset Market Approach. Quarterly Journal of Economics, 1984, 99:4, 729-52. Tax Subsidies to Owner-occupied Housing: An Asset Market Approach. Quarterly Journal of Economics 99 729 52
  • Rosen, K.T. Toward a Model of the Office Building Sector. Journal of the American Real Estate and Urban Economics Association, 1984, 12, 261-69. Toward a Model of the Office Building Sector. Journal of the American Real Estate and Urban Economics Association 12 261 69
  • Rosen, K.T. and L.B. Smith. The Price Adjustment Process for Rental Housing, and the Natural Vacancy Rate. American Economic Review, 1983, 73, 779-86. The Price Adjustment Process for Rental Housing, and the Natural Vacancy Rate. American Economic Review 73 779 86
  • Shilling, J.D., C.F. Sirmans, and J.B. Corgel. Price Adjustment Process for Rental Office Space. Journal of Urban Economics, 1987, 22, 90-100. Price Adjustment Process for Rental Office Space. Journal of Urban Economics 22 90 100
  • Sivitanides, P. The Rental Adjustment Process and the Structural Vacancy Rate in the Commercial Real Estate Market. Journal of Real Estate Research, 1997, 13:2, 195-209. The Rental Adjustment Process and the Structural Vacancy Rate in the Commercial Real Estate Market. Journal of Real Estate Research 13 195 209
  • Smith, L.B. A Note on the Price Adjustment Mechanism for Rental Housing. American Economic Review, 1974, 64, 478-81. A Note on the Price Adjustment Mechanism for Rental Housing. American Economic Review 64 478 81
  • Tse, R.Y.C. and D. Fischer. Estimating Natural Vacancy Rates in Office Markets Using a Time- Varying Model. Journal of Real Estate Literature, 2003, 11:1, 37-45. Estimating Natural Vacancy Rates in Office Markets Using a Time- Varying Model. Journal of Real Estate Literature 11 37 45
  • Vandell, K.D. Tax Structure and Natural Vacancy Rates in the Commercial Real Estate Market. Real Estate Economics, 2003, 31:2, 245-67. Tax Structure and Natural Vacancy Rates in the Commercial Real Estate Market. Real Estate Economics 31 245 67
  • Voith, R. and T. Crone. National Vacancy Rates and the Persistence of Shocks in U.S. Office Markets. Journal of the American Real Estate and Urban Economics Association, 1988,16: 4, 437-58. National Vacancy Rates and the Persistence of Shocks in U.S. Office Markets. Journal of the American Real Estate and Urban Economics Association 16 4 4
  • Wheaton, W.C. and R.G. Torto. Vacancy Rates and the Future of Office Market Rents. Journal of the American Real Estate and Urban Economics Association, 1988, 16, 430-37. Vacancy Rates and the Future of Office Market Rents. Journal of the American Real Estate and Urban Economics Association 16 430 37
  • Wheaton, W.C., R.G. Torto, and P. Evans. The Cyclic Behavior of the Greater London Office Market. Journal of Real Estate Finance and Economics, 1997, 15:1, 77-92. The Cyclic Behavior of the Greater London Office Market. Journal of Real Estate Finance and Economics 15 77 92
  • Wheaton, W.C. and G. Nechayev. Does Location Matter? Do Property Fundamentals Vary Within Markets and is This Reflected in Pricing. Journal of Portfolio Management, 2005, September, 100-08. Does Location Matter? Do Property Fundamentals Vary Within Markets and is This Reflected in Pricing Journal of Portfolio Management 100 8

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.