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Corporate Real Estate Site Selection: A Community-Specific Information Framework

Author

Listed:
  • Joseph S. Rabianski

    () (Georgia State University, Atlanta, GA)

  • James R. DeLisle

    () (Georgia State University, Atlanta, GA)

  • Neil G. Carn

    () (Georgia State University)

Abstract

A key decision corporations must make is site selection. Such decisions have been receiving increasing attention, as companies begin to appreciate how site location can affect the bottom line and future prospects for a firm. The article presents the major factors and individual items that should enter such decisions. Finally, the article concludes with a typology of community-specific studies that are generated to support site selection decisions. These studies are presented from two perspectives: that of the company making the location decision and that of the community determining what package to present to existing and potential companies.

Suggested Citation

  • Joseph S. Rabianski & James R. DeLisle & Neil G. Carn, 2001. "Corporate Real Estate Site Selection: A Community-Specific Information Framework," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 165-198.
  • Handle: RePEc:jre:issued:v:22:n:1/2:2001:p:165-198
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    References listed on IDEAS

    as
    1. Bartik, Timothy J, 1985. "Business Location Decisions in the United States: Estimates of the Effects of Unionization, Taxes, and Other Characteristics of States," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(1), pages 14-22, January.
    2. Erickson, Rodney A. & Wasylenko, Michael, 1980. "Firm relocation and site selection in suburban municipalities," Journal of Urban Economics, Elsevier, vol. 8(1), pages 69-85, July.
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    4. Leon Shilton & Craig Stanley, 1999. "Spatial Patterns of Headquarters," Journal of Real Estate Research, American Real Estate Society, vol. 17(3), pages 341-364.
    5. Abdel-Rahman, Hesham M., 1990. "Agglomeration economies, types, and sizes of cities," Journal of Urban Economics, Elsevier, vol. 27(1), pages 25-45, January.
    6. Carlton, Dennis W, 1983. "The Location and Employment Choices of New Firms: An Econometric Model with Discrete and Continuous Endogenous Variables," The Review of Economics and Statistics, MIT Press, vol. 65(3), pages 440-449, August.
    7. Goldstein, G. S. & Gronberg, T. J., 1984. "Economies of scope and economies of agglomeration," Journal of Urban Economics, Elsevier, vol. 16(1), pages 91-104, July.
    8. Schmenner, Roger W. & Huber, Joel C. & Cook, Randall L., 1987. "Geographic differences and the location of new manufacturing facilities," Journal of Urban Economics, Elsevier, vol. 21(1), pages 83-104, January.
    9. Wayne R. Archer, 1981. "Determinants of Location for General Purpose Office Firms within Medium Size Cities," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(3), pages 283-297.
    10. Hugh O. Nourse, 1992. "Selecting Administrative Office Space," Journal of Real Estate Research, American Real Estate Society, vol. 7(2), pages 139-146.
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    12. Neil G. Carn & Roy T. Black & Joseph S. Rabianski, 1999. "Operational and Organizational Issues Facing Corporate Real Estate Executives and Managers," Journal of Real Estate Research, American Real Estate Society, vol. 17(3), pages 281-300.
    13. Ghosh Chinmoy & Rodriguez Mauricio & Sirmans C. F., 1995. "Gains from Corporate Headquarters Relocations: Evidence from the Stock Market," Journal of Urban Economics, Elsevier, vol. 38(3), pages 291-311, November.
    14. Stephen E. Roulac, 1999. "Real Estate Value Chain Connections: Tangible and Transparent," Journal of Real Estate Research, American Real Estate Society, vol. 17(3), pages 387-404.
    15. Kasim L. Alli & Gabriel G. Ramirez & Kenneth Yung, 1991. "Corporate Headquarters Relocation: Evidence from the Capital Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(4), pages 583-600.
    16. McConnell, John J. & Muscarella, Chris J., 1985. "Corporate capital expenditure decisions and the market value of the firm," Journal of Financial Economics, Elsevier, vol. 14(3), pages 399-422, September.
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    Cited by:

    1. Chris Manning & Stephen E. Roulac, 2001. "Lessons from the Past and Future Directions for Corporate Real Estate Research," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 7-58.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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