Open AccessINFLUENCE FEATURES OF OFFICE BUILDING RENTAL: A SYSTEMATIC LITERATURE REVIEW
Author(s) -
Muhamad Harussani Abdul Salam,
Thuraiya Mohd,
Suraya Masrom,
Noraini Johari,
Mohamad Haizam Mohamad Saraf
Publication year - 2022
Publication title -
malaysian journal of sustainable environment/malaysia journal of sustainable environment
Language(s) - English
Resource type - Journals
eISSN - 0128-2417
pISSN - 0128-326X
DOI - 10.24191/myse.v9i1.17297
Subject(s) - renting , economic rent , real estate , business , rental housing , residential real estate , property market , property management , estate , finance , actuarial science , economics , engineering , microeconomics , civil engineering
In reviewing rental trends, investors are unable to rely on market data from real estate transactions due to inaccurate property rental valuations by valuers. Hence the objective of this research which is to identify the influencing features of office building rentals. This study performs a systematic review on the influencing features of office building rentals based on the PRISMA systematic review and meta-analysis. The results obtained indicate that office rent determinants such as green labels, vacancy levels, and location-specifics, have significant impact on office rents. This paper provides new insights for investors and valuers in determining office rental values in the real estate market.