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| Security Measures and the Apartment
Market Author: John D. Benjamin, G. Stacy Sirmans, and Emily Norman Zietz Start Page: 347 Abstract: This paper examines
the effect of security measures on apartment rent and occupancy. Three variables
representing various security measures are estimated in a simultaneous model of rent and
occupancy. Providing 24 hour security has a significant positive effect on both
rent and occupancy. Having a manager living on site or a manned front
desk/restricted entry does not significantly affect rent. All three variables,
however, have a significant positive effect on occupancy. It would appear that, although
landlords cannot extract higher rents for some security measures, all three measures
included in this study act to increase occupancy. |
