IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v22n1-22001p59-80.html
   My bibliography  Save this article

Friction and Inertia: Business Change, Corporate Real Estate Portfolios and the U.K. Office Market

Author

Listed:
  • Virginia A. Gibson

    () (The University of Reading, Whiteknights, UK)

  • Colin M. Lizieri

    () (The University of Reading, Whiteknights, UK)

Abstract

It has been asserted that business reorganization and new working practices are transforming the nature of demand for business space. Downsizing, delayering, business process re-engineering and associated initiatives alter the amount, type and location of space required by firms. The literature has neglected the impact of real estate market structures on the ability of organizations to implement these new organizational forms or contemporary working practices successfully. Drawing from research in the United Kingdom, the article demonstrates that, while new working practices are widespread, their impact on the corporate real estate portfolio is less dramatic than often supposed. In part, this is attributed to inflexibility in market structures, which constrains the supply of appropriate space.

Suggested Citation

  • Virginia A. Gibson & Colin M. Lizieri, 2001. "Friction and Inertia: Business Change, Corporate Real Estate Portfolios and the U.K. Office Market," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 59-80.
  • Handle: RePEc:jre:issued:v:22:n:1/2:2001:p:59-80
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol22n0102/03.59_80.pdf
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    as
    1. Hugh O. Nourse & Stephen E. Roulac & Stellan Lundstrom, 1993. "Linking Real Estate Decisions to Corporate Strategy," Journal of Real Estate Research, American Real Estate Society, vol. 8(4), pages 475-494.
    2. J H Dunning & G Norman, 1983. "The Theory of the Multinational Enterprise: An Application to Multinational Office Location," Environment and Planning A, , vol. 15(5), pages 675-692, May.
    3. J H Dunning & G Norman, 1983. "The theory of the multinational enterprise: an application to multinational office location," Environment and Planning A, Pion Ltd, London, vol. 15(5), pages 675-692, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.
    2. Paschalis Arvanitidis, 2006. "Property Market Purpose Efficiency: An Exploratory Analysis From an Institutional Economics Perspective," ERSA conference papers ersa06p567, European Regional Science Association.
    3. Christopher Heywood, 2011. "Approaches to Aligning Corporate Real Estate and Organisational StrategyORGANISATIONAL STRATEGY," ERES eres2011_194, European Real Estate Society (ERES).
    4. Ashley Dabson & Pat McAllister, 2014. "Evolution and Change in the Serviced Office Sector: A Decade Later," Real Estate & Planning Working Papers rep-wp2014-02, Henley Business School, Reading University.
    5. Ashley Dabson & Pat McAllister, 2014. "The Role of Serviced Offices in the Corporate Real Estate Supply Chain," Real Estate & Planning Working Papers rep-wp2014-01, Henley Business School, Reading University.

    More about this item

    JEL classification:

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

    Statistics

    Access and download statistics

    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:jre:issued:v:22:n:1/2:2001:p:59-80. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster). General contact details of provider: http://www.aresnet.org/ .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.