Analysis of local office markets to date has normally assumed a unitary market which implies that the prices of office attributes remain spatially constant across the entire market. This paper challenges that basic presumption, and its objective is to test for the existence of office market...

House builders are the interface between the land and housing markets, determining present land values by forecasting future house prices and construction costs. The literature establishes that land values are derived from house prices and construction costs but that this relationship may be...

This paper sets out to assess the underlying influences on urban retail rents. A cross-sectional model of retail rents is developed and tested for 29 Scottish towns in 1989 using regression analysis. A series of specific variables are constructed for these towns partly by reference to a gravity...

This study explores the basic premise that depreciation/obsolescence will systematically vary by location and sets out to assess the spatial dimension to these processes. A series of hypotheses linking differential locational rates of depreciation within a framework of local industrial property...

The starting point for this paper is the argument that increased weight of money into commercial property in this decade has led to a convergence of UK provincial city office yields. The paper begins by reviewing the concept of a property yield cycle and the notion of a city risk premium, and...