The Causes and Effects of Depreciation in Office
Buildings: a Ten Year Update
Andrew Baum and Anita McElhinney
Working Papers in Land Management and Development 07/00
pp. 20
Abstract:
This paper publishes the results of the 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 unrefurbished 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 are measured. The results are compared with the 1986 City of London findings.
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