The Japanese Journal of Real Estate Sciences
Online ISSN : 2185-9531
Print ISSN : 0911-3576
ISSN-L : 0911-3576
Depreciation of Rental Values of Apartments Based on Stated Preference Data of Tenants
Hiroaki KOMATSU
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2018 Volume 32 Issue 2 Pages 127-134

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Abstract
In the current empirical study, I verified whether a size difference in square meters affects rental rate reduction based on comments received from tenants occupying the rental units. In apartments under 25 square meters, tenants displayed a sense of antipathy, which affected their recognition of unit depreciation. In contrast, for units larger than 65 square meters, depreciation had a major impact on the perceptions of functional depreciation for tenants.
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© 2018 Japan Association for Real Estate Sciences
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