2014, XVIII, 332 p. 150 illus., 44 illus. in color.
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Addresses contemporary issues in metropolitan commercial real estate markets
Focuses on commercial real estate markets in different phases of development with cross country analysis
Relates dynamics in real estate markets to dynamics in institutional differences and differences in market behaviour
Metropolitan commercial real estate markets are highly influenced by global forces, the regional economy, and institutional behaviour. While descriptions of regional commercial real estate markets are well known and widespread in academic literature, this monograph goes beyond that in explaining the dynamics in and variations between European metropolitan markets. By comparing those markets on relevant indicators and through extensive data analysis, a number of explaining factors is revealed. Contributions on specific metropolitan markets with different positions within the real estate cycle illustrate not only the characteristics of the local economy and its institutions, but also urgent issues such as battling vacancy, changing retail hierarchy or managing obsolescence.
Content Level »Research
Keywords »Commercial Real Estate - Cross-Country Market Analysis - Institutions and Public Policy - Market Dynamics - Metropolitan Markets