First Advisor
Julia Freybote
Date of Award
Spring 6-18-2023
Document Type
Thesis
Degree Name
Bachelor of Science (B.S.) in Urban and Public Affairs and University Honors
Department
Urban Studies and Planning
Language
English
Subjects
Hedonic pricing -- Washington (State) -- Seattle, Commercial real estate -- Valuation -- Washington (State) -- Seattle -- Econometric models, Real estate development -- Washington (State) -- Seattle, Architectural design
DOI
10.15760/honors.1417
Abstract
What kinds of relationships exist between individual buildings and greater society in Seattle? Focusing on the role of design in shaping the value and desirability of commercial properties, the study examines and utilizes a large temporal and spatial dataset to test price analogs between common building attributes and metrics. By employing a hedonic pricing model, the study seeks to identify the impact of these attributes on property values and ultimately relate them to architectural and contextual design, from a micro to a macro level. The empirical findings are not necessarily novel or groundbreaking, but rather, they shed light on the significance of building attributes not ordinarily thought of as proxies for design. The goal of this study is to inform commercial real estate practitioners, investors, planners, architects, and community members involved in the shaping of built environments. The research contributes to the existing literature on building valuation and offers insights of a unique place and its intriguing market for commercial real estate.
Rights
In Copyright. URI: http://rightsstatements.org/vocab/InC/1.0/ This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
Persistent Identifier
https://archives.pdx.edu/ds/psu/40363
Recommended Citation
Miranda, Nicholas, "Proxies of Design: A Case Study and Analysis of Place and Commercial Real Estate in Seattle" (2023). University Honors Theses. Paper 1386.
https://doi.org/10.15760/honors.1417
