UBC Theses and Dissertations

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UBC Theses and Dissertations

Intra-metropolitan office location : an examination of land and building costs as criteria in the decision to locate offices Greenwood, David

Abstract

This thesis reviews office location as a facet of urban spatial arrangements. An analytical framework is presented within which office locators may assess the suitability of alternative locations for the furtherance of office activity. Particularly, this thesis is concerned with office location criteria involved in the decision to locate offices in an intrametropolitan context. Location factors are made explicit with land and building costs subjected to extensive analysis. Relationships are hypothesized between land values and construction costs of office premises and the location of those premises across the metropolitan region. Regression and comparative analyses are utilized to test and determine the significance of these hypotheses. All data relate to the Greater Vancouver Region. This study concludes firstly that there is no linear relationship that adequately describes or predicts changes in assessed land values and construction costs per unit area of net rentable office floor space. Secondly, construction costs per square foot of net rentable floor space are significantly greater at central city locations as opposed to suburban locations. Thirdly, that there is an insignificant difference in assessed land values per square foot of net rentable office floor space as between central city and suburban sites. If assessed land values are a fair indicator of relative market value of office sites then it is implied that there is an insignificant differential in market values, and subsequently the cost of land, per square foot of net rentable office floor space.

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