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As a part of my studies on BI Norwegian Business School, I wrote a Master Thesis, together with a fellow student, Ketil Nereng. The topic: “Forecasting rental rates for Norwegian commercial real estate”. The study uses rental rate statistics from Eiendomsverdi Næring, a Norwegian firm solely working with gathering and producing real estate statistics. The goal of the study was to identify key determinants of changes in real rents and producing a forecasting model able to outperform a random walk and yield significant forecasts.

Because too much of the future market rents are a function of today’s rent, conjecture and speculation on future rent levels. Of course a qualitative approach is an important aspect in establishing prognosis on rent levels, but a more quantitative approach is required. Rent levels in the Oslo market have showed a highly cyclical movement for the period in which data is available. ...

When was the last time you were asked to do something you are not responsible for? Well, I have been many times. For instance, regarding a bill issued by a colleague from another department, or that the coffee machine is out of coffee – I did not simply walk away just because it is not my responsibility. How long does it take to pass a message to a colleague instead of simply telling client “Sorry, I cannot help you with this”? Does it take longer to open the coffee machine and fill it with fresh coffee beans than asking someone else to refill it?

Everyday situations may seem irrelevant to what we do for a living, however, from my humble experience, I have noticed that persons who care about people surrounding them are the ones who care about their clients and partners the most. Bringing two (or more) cups of tasty ...