Urban retail rental trends and spatial interaction (Record no. 104980)

MARC details
000 -LEADER
fixed length control field 02970cam a2200181 4500
001 - CONTROL NUMBER
control field ##L132035
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 051221n1996 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u132035
041 0# - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Jones, Colin
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Orr, Allison
245 00 - TITLE STATEMENT
Title Urban retail rental trends and spatial interaction
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
Name of publisher, distributor, etc. RICS
Date of publication, distribution, etc. 1996
520 ## - SUMMARY, ETC.
Summary, etc. At the last RICS conference Jones and Orr examined the long term components of urban office rents. The paper identified the variation in supply constraints as a crucial influence leading to the long term rent differentials in declining core cities and persistence effects in expanding core centres. Research into spatial interaction in the property market is limited, and confined to the regional level. Rosenthal (1986) considers regional house price interaction using cross- spectral analysis but his results are inconclusive because of the brevity of his time series. Recently Alexander & Barlow (1994) examine seasonality and cointegration of regional house prices and find a ripple effect from the south east. Wang & Matysiak (1994) industrial regional trade trends. Their results are not easy to explain but this may be because property markets are urban rather than regional. The emphasis of this research to date is on quantifying trends rather than underlying causality. A key issue is the transmission mechanism which is likely to vary with land use. At one level rents are function of consumer demand/local income which implies no spatial interaction. Following lever (1979) who identifies leading and lagging local labour market areas this would suggest that lead retail centers (with respect to rents) will be the largest ones. However, Jones & Orr (1996) suggest that the supply of retail space is a more significant variable than previously thought in influencing retail rents. here it is possible that the changing size of retail centres can redirect demand and create spatial rent interaction. This is likely to occur within a given retail hierarchy. The purpose of this paper is to test these arguments trough a number of case studies/experiments. Green, Owen & Winnett (1994) identify key difference in local unemployment series reflecting the relative experience of economic growth/recession over the last two decades. Initially we envisage to selecting two retail hierarchies, probably the West of Scotland and another in the south of England, to analyse the dynamics of rental change. The research will be based on biannual urban rent data for 1977-94 provided by Hillier Parker. the analysis will be based on a range of techniques-cross-spectral analysis, Granger Causality test, cointergration and VAR models. The intention will be to identify leading and lagging retail centres and to asses to what extent this verifies our original hypotheses.
520 ## - SUMMARY, ETC.
Summary, etc. This item is no longer available.
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element PROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     Virtual Virtual Online 21/12/2005   ONLINE PUBLICATION 132035-1001 06/08/2019 1 06/08/2019 Book