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Paper eres2003_220:
The 9/11/2001 impact on trophy and tall office property

id eres2003_220
authors Miller, Norman; Florance Andy; Stevens Brad; Markoysan Sergey; Op t’Veldt Hans
year 2003
title The 9/11/2001 impact on trophy and tall office property
source 10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
summary In this study we focus on the possible impact of 9/11 on tall and trophy office buildings for market behavior that could influence value. We find little evidence of any significant departure from general market trends for tall buildings or most ětrophyî property, yet there appear to be some effects on returns and values for a small subset of truly famous buildings in both New York and Chicago. Using an additional survey aimed at property managers we find little evidence of tenant flight away from tall buildings, or dense urban areas, yet property managers do expect significant design changes in the future as a result of 9/11 and most have tightened security procedures.
series ERES:conference
email norm.miller@uc.edu
discussion No discussions. Post discussion ...
ratings
session Session 3, Case studies in market analysis 2
last changed 2008/12/29 19:09
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