Modelling, predicting and forecasting commercial rents are now seen as necessary and explicit processes in real estate investment. Decisions on the prospects for specific investments, the real estate portfolio and multi‐asset portfolio are made as a result of these processes and thus it is the...

ERES:conference

The prediction and forecasting of office rents is undertaken routinely and formally by major surveying practices and consultants in the UK. These predictions and forecasts (which may be adjusted in-house) are used as tools in the investment decisions of the major institutions to inform on the...

Valuation error and valuation index smoothing have been the subject of a great deal of recent research efforts, largely due to concerns over the quality of investment decisions that can be made using valuation-based data. To date, unsmoothing models have assumed that the variances in valuation...