Hedonic Office Rent Model for Business Building in Chongqing

摘要

As an integral part of the commercial property, business building has become the priority of real estate development and investment. The office rent not only has an influence on business activity, but also dominate the direction of development and investment. Chongqing, the only provincial-level municipality and an investment destination of highest potential in West China, has carried out business building construction on a large scale with the rapid development of commercial property. However, there is considerable variability of office rent on account of exceptional urban morphology and imbalanced economic development among different regions. In order to provide a basis for the promotion of related industries development and decision-making support for government departments, a study on spatial discrepancy of office rent in Chongqing is of great significance. According to rent data extracted from exchange data, transaction data and survey data, this paper collate and quantify various types of data with the application of GIS and establishes office rent model for business building in Chongqing based on the hedonic price theory.