This paper provides a review of the literature, in the United States of America, in Japan and in France, on office market cycles and on the last office crisis. Because of the unequalled magnitude of the last cycle, many different explanations have been proposed. Some researchers link up the property cycle to the business cycle or to external shocks. For others, the last office boom and crisis are the result of a speculative bubble.
NAPPI-CHOULET, I. (1999). La crise des bureaux : retournement de cycle ou bulle ? Une revue internationale des recherches. Revue d'Économie Régionale & Urbaine, pp. 317-332.