{"id":410,"date":"2020-04-27T17:13:04","date_gmt":"2020-04-27T09:13:04","guid":{"rendered":"http:\/\/localhost:8888\/?p=410"},"modified":"2025-12-24T20:08:12","modified_gmt":"2025-12-24T12:08:12","slug":"is-the-office-market-overvalued-a-simple-framework-applied-to-france","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2020\/04\/27\/is-the-office-market-overvalued-a-simple-framework-applied-to-france\/","title":{"rendered":"Is the Office Market Overvalued? A Simple Framework Applied to France"},"content":{"rendered":"\t\t
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Article<\/div>

Is the Office Market Overvalued? A Simple Framework Applied to France<\/p>

Author<\/p>

Start Page \/ End Page<\/p>

Volume<\/p>

Issue Number<\/p>

Year<\/p>

Publication<\/p><\/div>

<\/p>

Jerome Coffinet, Etienne Kintzler<\/p>

275 \/ 306<\/p>

22<\/p>

2<\/p>

2019<\/p>

International Real Estate Review<\/p><\/div>

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Abstract<\/p>


We develop a simple framework to assess the position of office prices with respect to their fundamentals. Applying the model to France, we show that a constrained office supply and low interest rates mainly explain for the high and increasing trend of office prices in recent years. Nonetheless, we find that the office market is only slightly overvalued in France in late 2017: the deviation of office prices with respect to their fundamental determinants is between 0% and 10%, thus indicating that the market is close to fair value.

<\/p>

View PDF -https:\/\/doi.org\/10.53383\/100282<\/strong><\/a><\/p>

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Keywords<\/p>

<\/p>

Commercial Real Estate, Overvaluation, Office Market, Error-Correction Model<\/p>

Back to Previous Page<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

\n

Author<\/p>\n

Start Page \/ End Page<\/p>\n

Volume<\/p>\n

Issue Number<\/p>\n

Year<\/p>\n

Publication<\/p>\n<\/div>\n

\n<\/p>\n

Jerome Coffinet, Etienne Kintzler<\/p>\n

275 \/ 306<\/p>\n

22<\/p>\n

2<\/p>\n

2019<\/p>\n

International Real Estate Review<\/p>\n<\/div>\n

Keywords<\/p>\n

Commercial Real Estate, Overvaluation, Office Market, Error-Correction Model<\/p>\n

Download Entire Article.\"download-pdf-large\" <\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"article-template.php","format":"standard","meta":[],"categories":[25,23],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/410"}],"collection":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/comments?post=410"}],"version-history":[{"count":5,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/410\/revisions"}],"predecessor-version":[{"id":4754,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/410\/revisions\/4754"}],"wp:attachment":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/media?parent=410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/categories?post=410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/tags?post=410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}