An Empirical Research Of The Office Rent Microscopic Determinants

The office property is an important part of the property market as the office spaces. Along with the rapid development of the national economy, the office property market has been a corresponding development, especially when the residential market have a slow development for regulatory policies, the office market is increasingly becoming investing property focus, meanwhile the research of office space has been increasing and the research about office rents is the core of the office research, office rents determinants including both macro-influencing factors and micro factors, In this paper, in perspective of the microscopic point, the analysis is about the impact of office rents factors.The microscopic impact factors of the second-tier cities office rent is the research object. Firstly based on the past scholars research, summarized the research office space in the second-tier cities. At the same time do the identification and selection of rental influencing factors. And then collect the data in the field research, after the effective treatment about the data, built the hedonic price model of the Dalian City office rents microscopic influencing factors via SPSS software data analysis, Meanwhile the model absorb four characteristic variables which are not mentioned in the previous studies such as the utilization, quality of existing customers, storey and developers investment capacity, and the results show that utilization and quality of existing customers have signification positive to rents. Thirdly, In-depth analysis followed, we not only verify the research results of previous research about factors impacting of the office rent in second-tier cities office rents, but also the research show that the office rental impact factors have much difference in the coefficient of significant and affect for city with different development level. For example, is Distinguish from the first-tier cities, second-tier city office’s standard floor area and the rent was a positive correlation, at the same time in the second-tier cities" office market.The first two factors which affect rents are the location and construction, however.it’s location and neighborhood in first-tier cities.The study about the Dalian city market is firstly mader The research focused on the Dalian city office rents model. Secondly, compared with the previous studies the paper is much more targeted, and it’s more valuable for the investor who will fund the office market.