Market rent

2019 ◽  
pp. 93-108
Author(s):  
Eric Shapiro ◽  
David Mackmin ◽  
Gary Sams
Keyword(s):  
1991 ◽  
Vol 6 (3) ◽  
pp. 357-379 ◽  
Author(s):  
G. Sirmans ◽  
Benjamin John
Keyword(s):  

Author(s):  
Grant Ian Thrall

A developer needs advice on the market for commercial space, including office and industrial properties. An owner of a commercial building needs to determine how much to charge for leased space, how much to sell the property for, or how much the property can be refinanced for. A purchaser needs to determine if market conditions support purchasing commercial space, or renting, and at what price. The real estate market analyst is responsible for the creation and assembly of information to guide such decisions. A background overview of real estate market analysis for the product categories of office and industrial projects is presented. The hedonic approach hypothesizes that a variety of phenomena contribute in one way or another to determining market rent. In a hedonic model, office or industrial property rent or occupancy rate may be the dependent variable of a regression equation, as explained in chapter 4. The phenomena that are hypothesized to cause the value of the dependent variable are the independent variables of the regression equation. Some examples of independent variables that have been hypothesized and examined in hedonic models as to their contribution to determining office market rent are listed below: . . . Terms of lease (Glascock et al. 1990). Architectural design (Hough and Kratz 1983) Building characteristics (Vandell and Lane 1989) Access to white collar employment (Clapp 1980) Local property tax rates (Wheaton 1984) Status and prestige (Archer 1981; Archer et al. 1990) Agglomeration—benefits of high geographic concentrations of specialized office establishments for specific kinds of industry (Gad 1979; Kroll 1984) Spillovers from close geographic proximity (Clapp et al. 1992). . . . Hedonic models might also include dummy variables as independent variables to represent the presence of some characteristic or phenomenon. The dummy variables have an assigned the value of 1.0 to denote the occurrence of some characteristic and 0.0 to denote its absence. An expectation must be developed by the analyst on how markets and submarkets differ in their rents, vacancy rates, and absorption rates and what their trend is expected to be.


10.2196/15557 ◽  
2019 ◽  
Vol 8 (12) ◽  
pp. e15557
Author(s):  
Naomi S Thulien ◽  
Nicole Kozloff ◽  
Elizabeth McCay ◽  
Rosane Nisenbaum ◽  
Andrea Wang ◽  
...  

Background Although the risk factors associated with young people entering and becoming entrenched in street life have been thoroughly investigated, peer-reviewed evidence is scarce to nonexistent for rigorous interventions targeting social integration outcomes for young people who have experienced homelessness. From the limited research that has been done, emerging evidence signals that, although structural supports such as subsidized housing and social service providers are important, these resources alone are insufficient to help young people integrate into the mainstream society. Objective The overarching aim of this study is to assess whether and how rent subsidies and mentorship influence social integration outcomes for formerly homeless young people living in market rent housing in 3 Canadian cities. The primary outcome measures for this study are community integration (psychological and physical) and self-esteem at 18 months. Secondary outcomes include social connectedness, hope, and academic and vocational participation at 18 months. Exploratory outcomes include income, perceived housing quality, engulfment, psychiatric symptoms, and participant perspectives of intervention barriers and facilitators. Methods This is a convergent mixed methods, open-label, 2-arm parallel randomized controlled trial (RCT) with 1:1 allocation embedded within a community-based participatory action research (CBPAR) framework. The intervention will provide 24 young people (aged 16-26 years), who have transitioned out of homelessness and into market rent housing within the past year, with rent subsidies for 24 months. Half of the young people will also be randomly assigned an adult mentor who has been recruited and screened by 1 of our 3 community partners. Data collection will occur every 6 months, and participants will be followed for 30 months. Results Ethical approval for this study has been obtained from the Providence, St Joseph’s, and St Michael’s Healthcare Research Ethics Board (number 18-251). Enrollment took place from April 2019 to September 2019. Preliminary analysis of the baseline quantitative and qualitative data is underway. Conclusions This pilot RCT will be the first to test the impact of economic and social support on meaningful social integration for formerly homeless young people living in market rent housing. We believe that the mixed methods design will illuminate important contextual factors that must be considered if the intervention is to be scaled up and replicated elsewhere. Importantly, the CBPAR framework will incorporate the perspectives of the community, including formerly homeless young people, who are in the best position to determine what might work best in the context of their lives. Trial Registration Clinicaltrials.gov NCT03779204; https://clinicaltrials.gov/ct2/show/NCT03779204. International Registered Report Identifier (IRRID) DERR1-10.2196/15557


2019 ◽  
Author(s):  
Naomi S Thulien ◽  
Nicole Kozloff ◽  
Elizabeth McCay ◽  
Rosane Nisenbaum ◽  
Andrea Wang ◽  
...  

BACKGROUND Although the risk factors associated with young people entering and becoming entrenched in street life have been thoroughly investigated, peer-reviewed evidence is scarce to nonexistent for rigorous interventions targeting social integration outcomes for young people who have experienced homelessness. From the limited research that has been done, emerging evidence signals that, although structural supports such as subsidized housing and social service providers are important, these resources alone are insufficient to help young people integrate into the mainstream society. OBJECTIVE The overarching aim of this study is to assess whether and how rent subsidies and mentorship influence social integration outcomes for formerly homeless young people living in market rent housing in 3 Canadian cities. The primary outcome measures for this study are community integration (psychological and physical) and self-esteem at 18 months. Secondary outcomes include social connectedness, hope, and academic and vocational participation at 18 months. Exploratory outcomes include income, perceived housing quality, engulfment, psychiatric symptoms, and participant perspectives of intervention barriers and facilitators. METHODS This is a convergent mixed methods, open-label, 2-arm parallel randomized controlled trial (RCT) with 1:1 allocation embedded within a community-based participatory action research (CBPAR) framework. The intervention will provide 24 young people (aged 16-26 years), who have transitioned out of homelessness and into market rent housing within the past year, with rent subsidies for 24 months. Half of the young people will also be randomly assigned an adult mentor who has been recruited and screened by 1 of our 3 community partners. Data collection will occur every 6 months, and participants will be followed for 30 months. RESULTS Ethical approval for this study has been obtained from the Providence, St Joseph’s, and St Michael’s Healthcare Research Ethics Board (number 18-251). Enrollment took place from April 2019 to September 2019. Preliminary analysis of the baseline quantitative and qualitative data is underway. CONCLUSIONS This pilot RCT will be the first to test the impact of economic and social support on meaningful social integration for formerly homeless young people living in market rent housing. We believe that the mixed methods design will illuminate important contextual factors that must be considered if the intervention is to be scaled up and replicated elsewhere. Importantly, the CBPAR framework will incorporate the perspectives of the community, including formerly homeless young people, who are in the best position to determine what might work best in the context of their lives. CLINICALTRIAL Clinicaltrials.gov NCT03779204; https://clinicaltrials.gov/ct2/show/NCT03779204.


Author(s):  
Kimberly J. Mitchell
Keyword(s):  

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