%0 Thesis
%9 Master
%A Aalderink, Yanniek
%D 2023
%F theses_frw:4376
%P 48
%T Depreciation in the commercial real estate market
%U https://frw.studenttheses.ub.rug.nl/4376/
%X This study investigates the depreciation of industrial properties in the Netherlands. By analyzing data provided by Cushman & Wakefield, the study examines the relationship between property age and rental value. We find variations in depreciation rates across different market districts. Additionally, the study emphasizes the significance of incorporating property characteristics to account for the observed heterogeneity in depreciation rates. Less energy efficient buildings report higher depreciation rates compared to sustainable buildings, thereby offering valuable insights into the economic implication of sustainable building practices. The findings can play a vital role in decision-making processes as it impacts investors, occupiers and society.