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A multi-criteria framework for office tenant's preferences at office buildings

Adnan, Yasmin Mohd. and Daud, Md. Nasir and Mohamed Razali, Muhammad Najib (2015) A multi-criteria framework for office tenant's preferences at office buildings. International Journal of Strategic Property Management, 19 (3). pp. 271-282. ISSN 1648-715X

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Official URL: http://dx.doi.org/10.3846/1648715X.2015.1052586

Abstract

In order to mitigate the anticipated oversupply of office space, it is necessary to gauge the preference of office occupiers, namely tenants of purpose built office buildings, since these tenants form the indicator of demand for space. In this study, a multi-criteria decision making method (MCDM) – the Analytic Hierarchy Process (AHP) procedure was employed to analyse the relative importance of the main factors chosen by the main sectors of tenants at top grade office buildings in Kuala Lumpur city centre. This study had identified the elicitation of experts’ opinion and tenants’ selection comprises twenty-six important factors for office occupation in Kuala Lumpur city centre, grouped under four main categories: Location, Lease, Building and Financial/Cost. This study then employed AHP to assess the relative importance placed on each category, revealing the varying patterns of preferences when tested on tenants from three main business sectors occupying top grade office buildings. The findings showed that, between the three sectors (Finance/Banking, ICT & Media and Oil & Gas), differences in preference were only slight for most factors but were significant for a few. The findings from this study are insightful in informing decisions on future office provision, particularly in the context of working towards satisfying office tenants’ requirements.

Item Type:Article
Uncontrolled Keywords:multi-criteria decision making method
Subjects:G Geography. Anthropology. Recreation > G Geography (General)
G Geography. Anthropology. Recreation > GE Environmental Sciences
Divisions:Geoinformation and Real Estate
ID Code:55702
Deposited By: Practical Student
Deposited On:27 Sep 2016 12:44
Last Modified:15 Feb 2017 09:50

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