This paper examines the effect which the rent assessment process has on the level of rents and rental values in the commercial property market in England and Wales, by asking: is there an accepted definition of open market rental value which is consistently adhered to, irrespective of the...

Option to review land rents to prevailing market rents and option to renew leases for another term are two important options embedded in the public industrial land leases in Singapore, managed by the Jurong Town Corporation (JTC). The land rents of JTC leases are reviewed every year subject to a...

Property markets are considered efficient when the market price of a transacted property equates with its market worth. If this condition holds then identical properties should sell or let for the same price. However, properties are heterogeneous, and information and operational constraints...

Models of the commercial property market have become increasingly sophisticated in recent years. However, the retail sector and, more specifically, analysis of retail markets at the local level, have been comparatively neglected. This paper makes inroads into this gap in property research....

Purpose – Property performance indices have invariably focused upon prime markets with a variety of approaches used to measure investment returns. However, there is relatively little knowledge regarding the investment performance of property in regeneration areas. Indeed, there is a perception...

Purpose – This paper seeks to contribute to knowledge of the dynamics of global office markets with an assessment of the interaction of rental growth and vacancy rates across a sample of the world's leading office markets. Design/methodology/approach – Econometric methods are used to...

Purpose – This paper seeks to explore the relationship between market positioning and rents of retail facilities in Hong Kong. Design/methodology/approach – Regression analysis is deployed in the paper to find out the impact of various attributes, in terms of a retail facility's physical...

Purpose – The purpose of this paper is to consider the likely effect on capital values of prime retail property in major UK urban centres from any legislative ban of upward‐only rent reviews (UORRs) from commercial leases. Design/methodology/approach – The opinion of Leeds‐based valuers...

Purpose – The purpose of this paper is to review the historic evolution of dual rate valuation practice in the UK from the nineteenth century to the present time. Design/methodology/approach – The paper is based on a review of published books, articles and letters dating from 1852. Findings...

Purpose – This paper aims to examine whether rental premiums accrue to environmentally certified class “A” office buildings and, further, to what extent such premiums vary with the political ideology of the local market area. Design/methodology/approach – Using standard ordinary least...