Analysis on the Development of Knowledge Industry Center Price Index and Effect of Macroeconomic Factors in Seoul

The purpose of this study was to examine relations between actual prices indices and macroeconomic factors for domestic knowledge industry centers. A repeat sales model used analyze the on basis data calculate quarterly centers from 2011 2022. Then analysis verified by autoregressive distributed lag (ARDL) ARDL error-correction (ARDL-ECM). main results are as follows. Firstly, in Seoul reached 228.0 (2011.1Q=100.0), which showed a high 13.4% increase annual average last 5 years. However, figure down 7.2% compared 2nd quarter 2022, hitting peak, means impact rate increase. Secondly, had any relation among them with offices apartment. result ARDL-ECM demonstrated that there negative (‒) balance long or short time interest vacancy small offices. This built centers, developed index through analyzed factors. also expected be an important help participants markets understand industrial real estates.