The Causes and Effects of Depreciation in Office Buildings: A Ten Year Update

This paper publishes the results of a 1996 study, which repeats a cross-section analysis of around 125 City of London office buildings, and examines the longitudinal data contributed by a sample of 56 un-refurbished properties common to the 1986 and 1996 City of London datasets. An estimate of the average rate of rental and capital value depreciation is made; the effect of age is shown not to be straight line; and the causes if depreciation is measured. The results are compared with the 1986 City of London findings.

Provided by: University of Reading Topic: Software Date Added: May 2000 Format: PDF

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