중소형 빌딩의 매매가격 형성요인에 관한 연구 (An Analysis of Price Determinant of Small to Medium Sized Building)

서지정보

· 발행기관 : 한국부동산분석학회
· 수록지 정보 : 부동산학연구 / 20권 / 3호 / 69 ~ 88페이지
· 저자명 : 김형근, 신종칠

초록

The small to medium sized buildings account for a substantial proportion of entire office buildings. The small to medium sized buildings have different characteristics from large office buildings in their location, tenant mix and so on. There is little research on small to medium sized building. This study tries to investigate the factors that affect the transaction price of small to medium sized buildings by using hedonic price model.
This study analyzes 333 transaction cases of small to medium sized buildings in Seoul office market from 2009 to 2013. The results of empirical analysis show the different location characteristics, building characteristic and tenant characteristics from large office building, have significant influences on the transaction price per square meter of small to medium sized buildings.
Specifically, this study finds out whether the building is located near major commercial area have significant effect on transaction price. Whether the building is located on corner site, the width of the road in front of the building, the distance from subway station also have impact on the transaction price. With regard to building characteristics, whether building has elevator and leasable area on the first floor have significant effect on the transaction price. The buildings developed above or below allowable FAR(Floor Area Ratio) was sold at significantly higher price. Finally, this study finds out the buildings used as residence were transacted at significantly lower price. This empirical analysis shows some different characteristics from large office buildings affect the transaction price of small to medium-sized buildings.

영어초록

The small to medium sized buildings account for a substantial proportion of entire office buildings. The small to medium sized buildings have different characteristics from large office buildings in their location, tenant mix and so on. There is little research on small to medium sized building. This study tries to investigate the factors that affect the transaction price of small to medium sized buildings by using hedonic price model.
This study analyzes 333 transaction cases of small to medium sized buildings in Seoul office market from 2009 to 2013. The results of empirical analysis show the different location characteristics, building characteristic and tenant characteristics from large office building, have significant influences on the transaction price per square meter of small to medium sized buildings.
Specifically, this study finds out whether the building is located near major commercial area have significant effect on transaction price. Whether the building is located on corner site, the width of the road in front of the building, the distance from subway station also have impact on the transaction price. With regard to building characteristics, whether building has elevator and leasable area on the first floor have significant effect on the transaction price. The buildings developed above or below allowable FAR(Floor Area Ratio) was sold at significantly higher price. Finally, this study finds out the buildings used as residence were transacted at significantly lower price. This empirical analysis shows some different characteristics from large office buildings affect the transaction price of small to medium-sized buildings.

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