A Hedonic Rent Index for Commercial Properties
IW-Trends
German Economic Institute (IW)
Commercial real estate is an important class of investment for investors and has a considerable influence on companies’ cost structures. Due to the very modest amount of data available, the potential for efficient market observation of commercial real estate has so far been limited. In view of this, we developed a sample rent index for Berlin’s commercial properties. To do so, we compared two alternative hedonic approaches. The primary advantage of our model is its ability to take account of more detailed offers. The results show that rents for offices in Berlin have risen markedly in recent years, whilst rents for retail space have increased more moderately.
Philipp Deschermeier / Björn Seipelt / Michael Voigtländer: Ein hedonischer Mietpreisindex für Gewerbeimmobilien
IW-Trends
German Economic Institute (IW)
Digital Regions in Germany
The digital transformation is not only revolutionising the world of business but also affecting geographical developments. Picking up on this trend, the thematic focus of this year's IW Regional Ranking is on the digital prospects of Germany’s various regions.
IW
Has the German Economy Reached its Limit?
The current robustness of the German economy has triggered a debate about the risk of overheating. High utilisation of aggregate production capacity does not necessarily mean an economy is overheating.
IW