Apartment Security: A Note on Gated Access and Rental Rates

The effect of gated access restrictions on garden apartment rents is empirically evaluated. Garden apartment rents are positively related to the presence of gated access constraints, although the combination of in-unit alarms with gated access is rent neutral. One-bedroom and two-bedroom units garne...

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Veröffentlicht in:The Journal of real estate research 2003-04, Vol.25 (2), p.145-158
Hauptverfasser: Hardin, William G., Cheng, Ping
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Cheng, Ping
description The effect of gated access restrictions on garden apartment rents is empirically evaluated. Garden apartment rents are positively related to the presence of gated access constraints, although the combination of in-unit alarms with gated access is rent neutral. One-bedroom and two-bedroom units garner higher rents with the presence of gated access constraints. The research extends prior research on high-rise units indicating that 24-hour security positively impacts occupancy and gross rental income. Given that the study uses data from only one market, additional research for other cities and regions is warranted.
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source JSTOR Archive Collection A-Z Listing
subjects Age
Apartments
Bedrooms
Economic models
Economic value
Economics
Garages
Gated communities
Housing
Housing market
Income
Investigations
Modeling
Playgrounds
Property
Rent
Rental property
Rentals
Rents
Residential real estate
Security
Statistical significance
Studies
Tenants
U.S.A
Variables
Washers & dryers
title Apartment Security: A Note on Gated Access and Rental Rates
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