SKYSCRAPERS AND THE ECONOMY Urban literature and particularly urban economics, does not deal frequently with skyscrapers, despite their ominous visual presence in cities skyline. The traditional urban economics model considers the heights of buildings to increase with the size (demographic and...

Much UK research and market practice on portfolio strategy and performance benchmarking relies on a sector‐geography subdivision of properties. Prior tests of the appropriateness of such divisions have generally relied on aggregated or hypothetical return data. However, the results found in...

This article examines claims about the diversification benefits of real estate. In particular, does real estate investment in a mixed asset portfolio provide protection when other asset classes are performing badly? Conventional portfolio strategy models utilising covariance statistics may...

Individuals are prone to significant errors when making value judgements through the use of <italic>heuristics</italic> (cognitive short cuts) to simplify decision making. This paper uses an economic experiment to investigate the strength of arbitrary <italic>anchors</italic> in judgements over house prices among a student...

<italic>Planning policy aimed at preserving the viability of UK town centres halted the wave of out‐of‐town shopping centres -- Schiller's ‘third wave’ of decentralization. Subsequently, a number of major in‐town shopping centres were developed in the UK. The first of these was the Oracle...</italic>

This paper argues that tenant placement strategies for large-scale multi-unit shopping centers differ depending on the number of floor levels. Two core strategies are identified: dispersion and departmentalization. There exists a trade-off between three income effects: basic footfall effects,...

L<sc>izieri</sc> C. and P<sc>ain</sc> K. International office investment in global cities: the production of financial space and systemic risk, <italic>Regional Studies</italic>. The paper explores the relationships between UK commercial real estate and regional economic development as a foundation for the analysis of the role of...

Office returns in the City of London are more volatile than in other UK markets. This volatility may reflect fluctuations in capital flows associated with changing patterns of ownership and the growing linkage between real estate and financial markets in the City. Using current and historical...

Efficient markets should guarantee the existence of zero spreads for total return swaps. However, real estate markets have recorded values that are significantly different from zero in both directions. Possible explanations might suggest non-rational behaviour by inexperienced market players or...