Forecasting Demand for Commercial Real Estate Based on the Economic Fundamentals of U.S. Metro Markets
AbstractThe long-term demand for commercial real estate depends on the relative attractiveness of each metro market compared to all other metro areas. Economic growth models can generate reliable forecasts of commercial real estate demand, but only for the near term. To analyze and compare metro areas over the long term, forecasts based on economic development factors are needed. To support this claim, propositions and empirical tests are presented that compare the influence of regional location, industry mix, and economic development factors on the long-term employment growth rates and employment instability of U.S. metro areas.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 6 (1991)
Issue (Month): 3 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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