Purpose This study aims to explore the spatial externalities of apartment vacancy rates on housing rent by considering multiple vacancy durations. Design/methodology/approach This research uses smart meter data to measure unobservable vacant houses. This study made a significant contribution by...

Purpose: While consumers did not previously have information on detailed housing features via traditional media, such as magazines, nowadays, due to the progress in information technology, they can access detailed information on various housing features via housing information websites....

Purpose – When Japan's asset bubble burst, the office vacancy rate soared sharply. This study seeks to target the office market in Tokyo's 23 special wards during Japan's bubble burst period. It aims to define economic conditions for the redevelopment/conversion of offices into housing and...

The cost of imperfect information is estimated in the real estate market of resale condominiums in central Tokyo by using a new, comprehensive data set of resale condominium transactions. The results suggest a substantial cost. Specifically, if information were perfectly available and marketing...