Article Per Year (5 Year)
p-Index From 2019 - 2024
0
P-Index
This Author published in this journals
All Journal JAM : Jurnal Aplikasi Manajemen
Adler H. Manurung
Sekolah Pascasarjana, Manajemen Bisnis, Institut Pertanian Bogor, Bogor
Decision Sciences, Operations Research & Management

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Faktor-Faktor Penentu yang Mempengaruhi Tarif Sewa dan Harga Jual Ruang Gedung Perkantoran di Jakarta Zainal Zawir Simon; Noer Azam Achsani; Adler H. Manurung; Roy Sembel
Jurnal Aplikasi Manajemen Vol 13, No 3 (2015)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (495.679 KB)

Abstract

Abstract: This paper empirically examines microeconomic factors that influence rental ratesand selling prices of office space. Quarterly time series data is used for the period of 1996:1to 2012:4. In addition, quantitative methods in the form of vector error correction model(VECM) are also used in this study. The result showed that there is a long term relationshipbetween microeconomic variables with the rental rate and selling price. IRF and FEVDshowed that rental rates and selling prices, in general, responded permanently to the shocksof microeconomic variables. Rental rate is predominantly influenced by rental rate followedby selling price, office space stock, construction cost and vacancy rate. Conversely, sellingprice is predominantly affected by rental rate followed by selling price, office space stock,construction cost and vacancy rate. Investors and developers can use the results of this studyas one of approaches for market analysis, especially office market analysis.Keywords: rental rate, selling price, office space stock, contruction cost and vacancy rate
Co-Authors Ervina Mela Dewi, Yandra Arkeman, Erliza Noor, Noer Azam Achsani Roy Sembel Zainal Zawir Simon