Analysis of factors affecting Ho Chi Minh city’s office rental price using HEDONIC model

Abstract

Research on the application of Hedonic model in analyzing factors which affect office rental price in HCM city CBD area. The author uses primary data source comprised of 146 observations collected in district 1 and district 3 during the first 6 months of 2015. By using OLS method, together with three regression models commonly used in researches on the application of Hedonic model, the result shows significant impact of factors, such as building classification, management fee, road on which the building is situated, and district location on office rental price. The result of this research can be applied in the field of real estate management, investment consulting, office rental.