Modern central business districts are characterised by high-rise office buildings. Helsley and Strange (2008) argue that skyscrapers are caused by agglomeration economies and a prize for being the tallest, so a reputation effect. We aim to test the relevance of this model by investigating the...

This paper presents a simultaneous-equation model for the Paris Region office market in 1994-2008. We determine the market’s supply/demand relationship by combining net absorption, the vacancy rate, real rents, and the volume of office construction starts. We then simulate office-market cycles...

In this paper we study the relationship between cultural heritage and retail store dynamics at the neighbourhood level in the Netherlands. We analyze the total number of stores, number of vacant stores and number of stores by retail sub-industry in neighbourhoods, thereby focusing on the impact...

Airports have stepped beyond the stage of being simply pure infrastructure facilities. Hub airports in particular are considered to function as supra-regional and international gateway infrastructure thus having a decisive impact on firms' competitiveness and stimulating urban development. Hub...

Il saggio affronta cinque temi ancora controversi relativi al rapporto tra perequazione, diritti edificatori e piani urbanistici. Il primo paragrafo considera l’impiego generalizzato della perequazione su tutti i suoli urbani. Il secondo considera il tema dell’indice unico contrapposto alla...

This paper describes the situation in which can be currently found developers on the Czech real estate market. The article focuses on analysis of four fundamental phenomena that simultaneously take place. Meaning impacts of the sub-prime mortgage crisis that started in United States of America,...

Globalization - which refers to the growing integration of societies, economies and cultures around the world, has become one of the most hotly-debated topics and key area of research among the policy makers, statesmen, corporate, politicians and academia respectively over the past few years. As...

Using a unique micro dataset compiled from official real estate registries in Japan, we examine the evolution of loan-to-value (LTV) ratios for business loans over the 1975 to 2009 period, the determinants of these ratios, and the ex post performance of the borrowers. We find that the LTV ratio...

In this paper we investigate cross-asset liquidity between equity markets and REITs and between REITs and private real estate markets. While many studies have investigated REIT liquidity, and there is an emerging interest in liquidity in the private real estate markets, there appears to be...

This paper focuses on formulating a conceptual framework of recording municipal property so as to lay the foundations of an effective strategic management. The empirical part of the paper refers to the case of Bucharest Municipality, defining a series of characteristics of the entities included...