First Advisor

Julia Freybote

Date of Award

Spring 6-18-2023

Document Type


Degree Name

Bachelor of Science (B.S.) in Urban and Public Affairs and University Honors


Urban Studies and Planning




Real estate valuation, design, urban development




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.


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