IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i7p3846-d778823.html
   My bibliography  Save this article

Towards Attaining Sustainable Retail Property Locations: The Relationships between Supply, Demand, and Accessibility of Retail Spaces

Author

Listed:
  • Adejimi Alli Adebayo

    (School of Built Environment Engineering and Computing, Leeds Beckett University, Leeds LS1 3HE, UK)

  • Paul Greenhalgh

    (Department of Architecture and Built Environment, Northumbria University, Newcastle NE7 7YT, UK)

  • Kevin Muldoon-Smith

    (Department of Architecture and Built Environment, Northumbria University, Newcastle NE7 7YT, UK)

  • Tunbosun Oyedokun

    (School of Social and Political Sciences, University of Glasgow, Glasgow G12 8QQ, UK)

Abstract

This study explored retail location performance of cities by investigating relationships between changes in retail property stock (supply), changes in retail rental value (demand), and spatial accessibility (retail consumer movement) across three UK cities, namely, Leeds, Newcastle, and York. This is to understand how retail locations and assets can be managed sustainably. In this sense, sustainability was considered through a dual focus in this paper: (1) the efficient use of retail property assets for economic purposes and (2) the impact of these physical retail assets on the local environment in terms of carbon footprint. The study relied on space syntax ideology in computing spatial accessibility index and adopted business rate datasets in computing changes in retail rental value and stock. Findings showed that spatial accessibility across retail locations could predict the performance of retail rental value (but not stock) across the sampled cities. The study further showed that extent of city analysis (scale) is significant in estimating retail location performance and understanding the influence of accessibility. This evidence has the potential to facilitate better decision-making concerning the planning, design, and management of retail locations and spaces. The study is significant because it can serve as a reference for promoting an urban sustainability agenda, especially in ensuring that urban land and properties are used optimally to maximise their social, economic, and environmental values.

Suggested Citation

  • Adejimi Alli Adebayo & Paul Greenhalgh & Kevin Muldoon-Smith & Tunbosun Oyedokun, 2022. "Towards Attaining Sustainable Retail Property Locations: The Relationships between Supply, Demand, and Accessibility of Retail Spaces," Sustainability, MDPI, vol. 14(7), pages 1-15, March.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:7:p:3846-:d:778823
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/7/3846/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/7/3846/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Matthew Carmona, 2019. "Place value: place quality and its impact on health, social, economic and environmental outcomes," Journal of Urban Design, Taylor & Francis Journals, vol. 24(1), pages 1-48, January.
    2. Teresa Barata-Salgueiro & Pedro Guimarães, 2020. "Public Policy for Sustainability and Retail Resilience in Lisbon City Center," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
    3. Olof Netzell, 2013. "The effect of accessibility on retail rents: testing integration value as a measure of geographic location," Journal of Property Research, Taylor & Francis Journals, vol. 30(1), pages 1-23, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nina Hangebruch & Frank Othengrafen, 2022. "Resilient Inner Cities: Conditions and Examples for the Transformation of Former Department Stores in Germany," Sustainability, MDPI, vol. 14(14), pages 1-25, July.
    2. Jing Jing, 2022. "Seeing Streetscapes as Social Infrastructure: A Paradigmatic Case Study of Hornsbergs Strand, Stockholm," Urban Planning, Cogitatio Press, vol. 7(4), pages 510-522.
    3. Agnieszka Jaszczak & Ewelina Pochodyła & Katarina Kristianova & Natalia Małkowska & Jan K. Kazak, 2021. "Redefinition of Park Design Criteria as a Result of Analysis of Well-Being and Soundscape: The Case Study of the Kortowo Park (Poland)," IJERPH, MDPI, vol. 18(6), pages 1-22, March.
    4. Pedro Guimarães, 2023. "Cities and Retail: Sustainable Transformation of Retail in Urban Environments," Sustainability, MDPI, vol. 15(17), pages 1-6, August.
    5. Bartzokas-Tsiompras, Alexandros & Bakogiannis, Efthimios & Nikitas, Alexandros, 2023. "Global microscale walkability ratings and rankings: A novel composite indicator for 59 European city centres," Journal of Transport Geography, Elsevier, vol. 111(C).
    6. Yang Yang & Ruizhen He & Guohang Tian & Zhen Shi & Xinyu Wang & Albert Fekete, 2022. "Equity Study on Urban Park Accessibility Based on Improved 2SFCA Method in Zhengzhou, China," Land, MDPI, vol. 11(11), pages 1-17, November.
    7. Mouratidis, Kostas, 2019. "Built environment and leisure satisfaction: The role of commute time, social interaction, and active travel," Journal of Transport Geography, Elsevier, vol. 80(C).
    8. Rasha A. Moussa, 2023. "A Responsive Approach for Designing Shared Urban Spaces in Tourist Villages," Sustainability, MDPI, vol. 15(9), pages 1-27, May.
    9. Howayda Al-Harithy & Batoul Yassine, 2023. "The Co-Production of a Shared Community Space in Al-Khodor, Karantina, in the Aftermath of the Beirut Port Blast," Land, MDPI, vol. 12(7), pages 1-19, July.
    10. Johan Colding & Karl Samuelsson & Lars Marcus & Åsa Gren & Ann Legeby & Meta Berghauser Pont & Stephan Barthel, 2022. "Frontiers in Social–Ecological Urbanism," Land, MDPI, vol. 11(6), pages 1-18, June.
    11. Rosario Sommella & Libera D’Alessandro, 2021. "Retail Policies and Urban Change in Naples City Center: Challenges to Resilience and Sustainability from a Mediterranean City," Sustainability, MDPI, vol. 13(14), pages 1-23, July.
    12. Mouratidis, Kostas, 2021. "How COVID-19 reshaped quality of life in cities: A synthesis and implications for urban planning," Land Use Policy, Elsevier, vol. 111(C).
    13. Peter Fieger & Girish Prayag & David Dyason & John Rice & C. Michael Hall, 2023. "Exploring CBD Retail Performance, Recovery and Resilience of a Smart City Following COVID-19," Sustainability, MDPI, vol. 15(10), pages 1-16, May.
    14. Bradley Bereitschaft, 2023. "The changing ethno-racial profile of ‘very walkable’ urban neighbourhoods in the US (2010–2020): Are minorities under-represented?," Urban Studies, Urban Studies Journal Limited, vol. 60(4), pages 638-654, March.
    15. Morven G. McEachern & Gary Warnaby & Caroline Moraes, 2021. "The Role of Community-Led Food Retailers in Enabling Urban Resilience," Sustainability, MDPI, vol. 13(14), pages 1-17, July.
    16. Loo, Becky P.Y., 2021. "Walking towards a happy city," Journal of Transport Geography, Elsevier, vol. 93(C).
    17. Želinský, Tomáš & Hudec, Oto & Mojsejová, Alena & Hricová, Silvia, 2021. "The effects of population density on subjective well-being: A case-study of Slovakia," Socio-Economic Planning Sciences, Elsevier, vol. 78(C).
    18. Jan Maňas, 2023. "Identification of Local Accessibility Hubs and Leisure Amenities in Suburbanized Settlements: Case Study on the Suburban Zone of Prague," SAGE Open, , vol. 13(2), pages 21582440231, June.
    19. Karol Langie & Kinga Rybak-Niedziółka & Věra Hubačíková, 2022. "Principles of Designing Water Elements in Urban Public Spaces," Sustainability, MDPI, vol. 14(11), pages 1-12, June.
    20. Arlindo Madeira & Teresa Palrão & Alexandra Sofia Mendes & Ernesto López-Morales, 2021. "Perceptions about Tourism and Tourists in Historic Neighborhoods: The Case of Alfama," Sustainability, MDPI, vol. 13(15), pages 1-14, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:7:p:3846-:d:778823. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.