Atypicalities and Apartment Rent Concession.

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Daniel T. Winkler, Professor (Creator)
Gustav D. Jud, Retired (Contributor)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: This paper examines the use and value of rental concessions using a 1988 sample of apartment rents in the Greensboro/High Point/Winston-Salem (North Carolina) MSA. The first section develops an approach to the problem and the second section estimates a logit model to predict the use of concessions as a pricing strategy based on characteristics of the apartment. The third section employs a hedonic pricing model to measure the average value of rental concessions in the Greensboro market. The final section summarizes relevant findings.

Additional Information

Publication
Journal of Property Management, September/October 1991, pp. 42-45
Language: English
Date: 1990
Keywords
Rental concessions, Greensboro/High Point/Winston-Salem (North Carolina) MSA, Pricing strategy