SPATIAL VARIATION IN OFFICE RENTS WITHIN THE ATLANTA REGION

Hedonic office rent models are estimated using data for Atlanta that s pan the years 1990-96, Controlling for typical building characteristic s and lease terms, we find that variables measuring locational differe nces in wage rates, transport rates and proximity to concentrations of support services and office workers play an important role in explain ing spatial variation in office rents. No evidence is found in support of the hypothesis that technological advances in telecommunications h ave diminished the role played by face-to-face agglomeration economies in determining the intra-metropolitan location of office firms.