Last edited by Balrajas
Sunday, May 10, 2020 | History

2 edition of determinants of commercial property prices and rents found in the catalog.

determinants of commercial property prices and rents

S. M. Dobson

determinants of commercial property prices and rents

by S. M. Dobson

  • 208 Want to read
  • 24 Currently reading

Published by Department of Economics and Commerce, University of Hull in Hull .
Written in English


Edition Notes

StatementS.M. Dobson and J.A. Goddard.
SeriesHull economic research papers -- No.171
ContributionsGoddard, J. A.
ID Numbers
Open LibraryOL13876271M

The total value of commercial property rose to an all-time high of £ billion in – representing 10% of the UK’s net wealth, and an 11% increase on This increase reflects higher rents and the prices investors were willing to pay for a given rent. To give some context, at £ billion, commercial property’sFile Size: KB. Once you know the vacancy rate, as a percentage, you can break down the percentage into a monetary amount. For example, if a property rents for $ per month, and you believe the property will have a 5% vacancy rate, you simply take $1, x to get $ This is the amount you will want to include for your vacancy expense each month.

  "The Determinants of Commercial Property Prices and Rents." Bulletin of Economic Research, 44, , Dybvig, L. O. Contaminated Real Estate Implications for .   Placing a value on a commercial property purchase is the key to making future profits and avoiding potential losses. Investors need a simple but accurate way of determining both the current price and the future earning potential of the desired commercial property purchase.

ADVERTISEMENTS: Most Commonly Pursued Price Determinants in Industrial Market are: 1. Survival 2. Return on Investment 3. Market Stabilisation 4. Maintenance and Improvement of Market Position 5. Meeting or Following Competition 6. Pricing to Reflect Product Differentiation 7. Preventing New Entry. Having seen the factors that affect the pricing strategies we now move on to [ ]. analysis. The results reveal that the various determinants of mortgage uptake include property prices, interest rates, level of income, costs of operations, the mortgage process as well as the size of the bank. It is concluded that these factors have had a significant influence on the uptake of mortgage products in Kenya. The study.


Share this book
You might also like
Memorial service to John McGill, Esq.

Memorial service to John McGill, Esq.

Water quality of Threemile Creek, Badger Creek, and Little River Watersheds, Iowa

Water quality of Threemile Creek, Badger Creek, and Little River Watersheds, Iowa

Addressing ethical awareness: developing a design strategy for the Fairtrade Foundation.

Addressing ethical awareness: developing a design strategy for the Fairtrade Foundation.

Enforcement of U.S. import admissibility requirements, better management could save work, reduce delays, and improve service and importers compliance

Enforcement of U.S. import admissibility requirements, better management could save work, reduce delays, and improve service and importers compliance

The very best Canadian baby name book

The very best Canadian baby name book

The Invisible Man

The Invisible Man

Motor vehicle safety and the marketplace

Motor vehicle safety and the marketplace

Jeunesse de Moliere.

Jeunesse de Moliere.

Comparative Perspectives on Criminology

Comparative Perspectives on Criminology

tabanidae (Diptera) of Australia. V. Subfamily tabaninae, tribe tabanini.

tabanidae (Diptera) of Australia. V. Subfamily tabaninae, tribe tabanini.

Piazzetta

Piazzetta

Reformation.

Reformation.

Determinants of commercial property prices and rents by S. M. Dobson Download PDF EPUB FB2

A series of theoretical relationships are derived between prices and rents and a number of exogenous variables. These are then subjected to empirical testing for three types of property: industrial property, shops and offices. The results indicate employment is an important influence on price, especially for industrial by: The literature on the determinants of house rental prices suggests that authors do cannot be generalised for rental prices of commercial buildings as adjacent residential property prices Author: Raymond Darfo-Oduro.

This paper develops a theoretical model of price and rent determination in the commercial property market. Prices and rents are assumed to adjust to ensure market clearing.

A series of theoretical relationships are derived between prices and rents and a number of exogenous variables. These are then subjected to empirical testing for three types of property: industrial property, shops, and offices. THE DETERMINANTS OF COMMERCIAL PROPERTY PRICES AND RENTS THE DETERMINANTS OF COMMERCIAL PROPERTY PRICES AND RENTS Dobson, S.

M.; Goddard, J. THE DETERMINANTS OF COMMERCIAL PROPERTY PRICES AND RENTS S. Dobson and J. Goddard" ABSTRACT This paper develops a theoretical model of price and rent.

structural amenities and locational context on housing prices. Put simply, rents are shown to respond positively to both median house prices levels and supply of apartments available at market, but with significant spatial variation across China. Frunz () studied office. property is worth studying in the way that it enables proper planning of the business area based on understandings of micro and macro commercial activities and helps directly to analyze property’s profitability.

Against this backdrop, this study empirically analyzes determinants of retail property’s rental. Determinants of Market Rent Article (PDF Available) in Journal of Real Estate Research 6(3) February with 2, Reads How we measure 'reads'.

This paper estimates a hedonic model of commercial industrial property rents in the Chicago metropolitan area. From the results, we create a constant quality index of industrial property rents and find that rents declined by almost 25% from the peak in to trough in the first half of Since then rents have rebounded a by: 2.

Article Citation: G. Sirmans and Benjamin John () Determinants of Market Rent. Journal of Real Estate Research:Vol. 6, No. 3, pp. Cited by: rents in the Chicago metropolitan area to investigate the determinants of industrial property rents.

Among the factors considered are proximity to transportation infrastructure, characteristics of the property, the term structure of lease agreements, and local attributes of the by: 2.

Determinants of Rent The real estate market is complex and challenging in nature. Each piece of property is a unique and multidimensional good differentiated into a bundle of attributes that vary in quantity and quality (Marco, ).

As such, the mainstream economist’s explanation that rent is solely determined by. Land Value Determinants and Variability in Commercial Property Values in Emerging Economy: Case Study of Ikeja, Nigeria study area was decomposed into its explanatory variables in consonance with other property value determinants, and multiple regression models adopted to analyze the data.

force up rents and land values above those in File Size: KB. ADVERTISEMENTS: In this article we will discuss about: 1. Definition of Economic Rent 2. The Division of Total (Factor) Incomes 3.

Determinants of the Division. Definition of Economic Rent: In economics rent refers to producer’s surplus.

It is different from contract or commercial rent, which refers to the price paid to hire something, such as [ ].

This article originally appeared in Issue 6 of The Property Hub Magazine. When it comes to house prices and rent levels, everyone has an opinion. But given the number of column inches and dinner party conversations devoted to the subject, it's surprising how little thought most people dedicate to why things are they way they are – and for evidence to support their assertions about what.

Leung, Chow and Han () explored the short-term and long-term determinants of property prices in Hong Kong. Their studies showed that per-capita GDP, real interest rate, the amount of land supply as well as a residential investment deflator are long-term determinants of Hong Kong property prices.

This assignment is to analyze the determinants of rental values of retail properties based on Singapore market. It starts with explaining concept of rent theoretically, and then analyzes the major economic determinants in rental value and interactions with other industries and other property sectors.

income, real mortgage rate, unemployment, and regional dummies as determinants of prices. Under the asset pricing approach, Klyuev () links prices with real rents and interest rates.

Both methods yield substantial overvaluation in the U.S. housing market, starting from Downloadable (with restrictions). Urban economists have long understood the theoretical importance of transportation infrastructure and accessibility on the location choice of households and firms.

We utilize a readily available data set of transaction rents in the Chicago metropolitan area to investigate the determinants of industrial property rents. Determinants of the Price of Land and Rents; Rent Seeking. Farms and individuals with more valuable uses for the scarce land offered increasingly high prices for its use.

In turn, the high rents forced others to move their farms or households to other locations. Accordingly, the most valuable use of land will be determined by the market rent. Without standardization, each property is considered to be unique and thus is priced differently (Ruvio,).

Because each pieceof property is unique, it is often difficult to identify the appropriate variables that will explain the rental prices.

According to Kim and Nelson (), assessing the rental value of residential properties is a complex. Income from investment-related property is at a historical high.

Rents offer an increasing source of revenue, and it's a steady way to make before getting into the real estate rental.with current tests of the sources of property value. The model is for examining the relationship between property prices and hypothesized determinants of value.

The model was developed by Joreskog and Goldbergen () and is a multivariate factor analytic technique, consisting of two File Size: KB.DETERMINANTS OF REAL ESTATE VALUES where the expectation is taken conditional on the known elements of X. Since 2% - g’x is positive definite, the first term in (4) is smaller than the variance-covariance matrix that would have been obtained by working with the reduced sample g.