Apartment Price Models for the Glenwood Riverfront Development

Joseph Friedman

Abstract


Abstract:
This study examines the rent prices of the student housing apartment market surrounding the University of Oregon. The first key component of this study includes a Hedonic price model that helps evaluate what apartment complex amenities and characteristics are most important and influential in determining rental rates in the local community. Secondly, using the information from our Hedonic price model, this study will help the city of Springfield in their plans to develop a student housing project in the Glenwood Riverfront district, located along the Willamette River. Specifically, this study of rental prices and apartment complex attributes should be useful in evaluating a potential student housing project to ensure sufficient rental profit for developers and for tax revenues for Springfield under their current development budget constraints.

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DOI: http://dx.doi.org/10.5399/uo/ourj.5.1.3291

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