Financial and real estate crises and “the new way of working�� reduce the need for office space, and office markets become replacement markets without a quantitative need for new office buildings: New buildings drive out bad buildings. In the Netherlands, currently 15% of the office...

RICS code of practice ëService Charges in Commercial Propertyí was introduced in 2007 with intention to promote best practice guidelines in the provision and management of commercial service charges. The paper seeks to view the compliance of the code after two years from its inception....

ERES:conference

There is a great deal of variation in the ëprimeí or ëGrade Aí rents achieved in different cities across the world. The level of economic development, as proxied by GDP or GDP per capita is an important explanator, but it is by no means the only one. Many cities in advanced nations have...

This paper uniquely discovers the steady state as well as the general equilibrium dynamics and structure behind the case behavior of Singaporeís Central Area office sector, specifically in terms of its net space absorption, rent and capitalization (cap) rate. Domestic and foreign investors are...

With the meteoric rise of private wealth world wide, and the recent downturn of high tech stocks, direct investment in real estate has become an increasingly attractive proposition for high net worth investors. Private banks have set up ëfamily officesí and many investment banks have branched...

The present paper deals with the progressive approaching which has been taking place in Italy in the last few years between the interests of real estate investments and the interests of financial investments. The creation of a portfolio made up of a multiplicity of investments represents a...

The Christchurch earthquake of the 24th February 2011 devastated the New Zealand city and in particular its Central Business District. Extreme events such as these not only highlight the vulnerability of our communities, but also demonstrate how communities are dynamic places that are in...

Globalization and its accompanying international movements of capital significantly affect the real estate markets. For instance, they strengthen the trend towards creating consistent standards for asset valuation, including real estate. An expression of the trend is the International Valuation...

Most of economic literature about industrial location patterns donít consider entrant firm size as an explanatory variable of this phenomenon. Nevertheless, empirical research have shown that bigger firms are heavily influenced by economic variables of the cities where they are going to be...