Sofia Dermisi

Sofia Dermisi

Professor

Real estate is one those areas a researcher has significant flexibility in focusing on different uses (e.g. office, residential, retail etc.), scales (local, national, international etc.) and aspects (e.g. market analysis, development, investment etc.). Real estate is also typically linked with other fields such as social and economic among many others, which help us understand and possibly predict in the short and long-run expansion and contraction patterns of the real estate markets. My area of research has always focused on understanding the evolution of office markets and the effect of internal and external shocks in downtown areas. Office markets have evolved significantly through time and understanding how real estate markets react to different economic conditions helps predict future market shifts in a highly cyclical industry. The adoption of sustainable practices by office buildings is another aspect of my research especially in regards to existing buildings, when the capital investment tends to be more significant than a new construction. The last but not least aspect of my research focuses on the effect of disasters on office markets. I have studied and continue to study different types of disasters spanning from effects of terrorist activity on office markets and hotels in dense urban environments, to the effect of earthquakes in New Zealand and fires in high-rise buildings.