Abstract

Compared to the rent of the house, it is difficult to grasp objective information. Among them, the purpose of this study is to analyze the determinants of monthly rent for small and medium-sized office buildings with stronger individuality. The data used in this study are data from 288 small and medium-sized office buildings actually traded in Gangnam-gu, Seocho-gu, and Songpa-gu in Seoul. According to the analysis results, the factor that most influences the monthly rent decision of small and medium-sized office buildings was the elapsed life of the building. Next, the number of basement floors, management costs, official land prices, parking spaces, deposits, number of elevators, and distance to the subway station were found to be valid factors. Unlike previous studies that converted the deposit into monthly rent in the determinants of occupation cost of office buildings, this study analyzed the determinants of pure monthly rent for small and medium office buildings. This is a study to analyze only the determinants of monthly rent by reducing the error generated by converting the deposit to monthly rent in the event of a rapid interest rate hike.

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