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Development of view potential metrics and the financial impact of views on office rents
Landscape and Urban Planning ( IF 9.1 ) Pub Date : 2021-07-22 , DOI: 10.1016/j.landurbplan.2021.104193
Irmak Turan 1 , Andrea Chegut 2 , Daniel Fink 2 , Christoph Reinhart 1
Affiliation  

Views contribute to occupants’ visual comfort and health in the workplace—reducing stress, improving concentration, and bolstering creativity. In this work, we introduce two new metrics, based on a 3D simulation in the urban context, to assess potential view access in open floorplans; and using the metrics, we measure the economic impact of views on office rents. We evaluate the view potential in 5,154 office spaces in Manhattan, New York City. Then, combining the analysis results with rent transaction data, we model the financial performance of rents paid by tenants with varying views whilst controlling for other vital factors impacting office rents. We find that spaces with high access to views have a 6% net effective rent premium over spaces with low access to views. This financial impact is independent of other value drivers like daylight. Where there is both high daylight and view access, we find, there is also a 6% effective rent premium. Tenants’ marginal willingness to pay for daylight and views is a financial incentive for developers and building owners to invest in these visual qualities. The metrics introduced in this work can be applied in design and planning to analyze view access in an existing urban context; and the financial incentive for views can motivate design and planning policies that preference and protect view access and sightlines from all buildings.



中文翻译:

视图潜在指标的开发以及视图对办公室租金的财务影响

景观有助于工作人员在工作场所的视觉舒适度和健康——减轻压力、提高注意力和增强创造力。在这项工作中,我们基于城市环境中的 3D 模拟引入了两个新指标,以评估开放式平面图中的潜在视野访问;并使用这些指标来衡量观点对办公室租金的经济影响。我们评估了纽约市曼哈顿 5,154 个办公空间的景观潜力。然后,将分析结果与租金交易数据相结合,我们对不同观点的租户支付的租金的财务表现进行建模,同时控制影响办公室租金的其他重要因素。我们发现,视野开阔的空间比视野开阔的空间有 6% 的净有效租金溢价。这种财务影响与日光等其他价值驱动因素无关。我们发现,在日光充足和视野开阔的地方,还有 6% 的有效租金溢价。租户为日光和景观支付的边际意愿是开发商和业主投资于这些视觉质量的经济激励。这项工作中引入的指标可以应用于设计和规划中,以分析现有城市环境中的景观访问;对景观的经济激励可以激励设计和规划政策,优先考虑和保护所有建筑物的视野和视线。这项工作中引入的指标可以应用于设计和规划中,以分析现有城市环境中的景观访问;对景观的经济激励可以激励设计和规划政策,优先考虑和保护所有建筑物的视野和视线。这项工作中引入的指标可以应用于设计和规划中,以分析现有城市环境中的景观访问;对景观的经济激励可以激励设计和规划政策,优先考虑和保护所有建筑物的视野和视线。

更新日期:2021-07-23
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