A Repeat-Sales Transaction-Based Index of Commercial Property

36 Pages Posted: 10 Apr 1998

See all articles by Dean H. Gatzlaff

Dean H. Gatzlaff

Florida State University

David M. Geltner

affiliation not provided to SSRN

Date Written: January 31, 1998

Abstract

This study employs the repeat-sales transaction-based methodology, pioneered in the housing literature, to estimate commercial property price indices for the state of Florida over the 1975-97 period. The study is designed to: (i) investigate the feasibility of applying this method to estimate reliable commercial property indices; (ii) compare the transaction-based indices with the widely-used NCREIF (appraisal-based) index and its sub-indices; and (iii) examine the differences in the price movements of large "institutional-quality" properties versus a broader sample of commercial properties.

JEL Classification: G1, G2

Suggested Citation

Gatzlaff, Dean H. and Geltner, David, A Repeat-Sales Transaction-Based Index of Commercial Property (January 31, 1998). Available at SSRN: https://ssrn.com/abstract=75075 or http://dx.doi.org/10.2139/ssrn.75075

Dean H. Gatzlaff

Florida State University ( email )

College of Business, Center for Real Estate
821 Academic Way, Rovetta Business Bldg
Tallahassee, FL 32306-1110
United States
850-644-4071 (Phone)
850-644-4077 (Fax)

David Geltner (Contact Author)

affiliation not provided to SSRN

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