Jd. Fisher et al., EQUILIBRIUM IN COMMERCIAL REAL-ESTATE MARKETS - LINKING SPACE AND CAPITAL-MARKETS, Journal of portfolio management, 19(4), 1993, pp. 101-107
This article analyzes the interaction between the market for space (by
tenants) and the market for capital (by investors in real estate). Th
e equilibrium framework sheds some light on happenings in real estate
markets over the past decade.