The Determinants of Shopping Center Rents
This paper presents the first empirical examination of the determinants of inter-center variations in shopping center rents. We use weighted least squares estimation to test the relationship between market rents for shopping centers and various independent variables. The results indicate that rent levels respond to various factors as expected: "customer drawing power," architectural design, location, and general economic conditions explain a significant proportion of the variation in rent levels.
Volume (Year): 8 (1993)
Issue (Month): 1 ()
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- John L. Glascock & Shirin Jahanian & C. F. Sirmans, 1990. "An Analysis of Office Market Rents: Some Empirical Evidence," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(1), pages 105-119.
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- John D. Benjamin & Glenn W. Boyle & C. F. Sirmans, 1990. "Retail Leasing: The Determinants of Shopping Center Rents," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(3), pages 302-312.
- Eaton, B Curtis & Lipsey, Richard G, 1982. "An Economic Theory of Central Places," Economic Journal, Royal Economic Society, vol. 92(365), pages 56-72, March.
- G. Stacy Sirmans & C.F. Sirmans & John D. Benjamin, 1989. "Determining Apartment Rent: The Value of Amenities, Services, and External Factors," Journal of Real Estate Research, American Real Estate Society, vol. 4(2), pages 33-44.
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