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The Effect of Location Variables on the Gross Rents of Neighborhood Shopping Centers

  • Kenton L. Ownbey

    (Norwest Investment Management and Trust 1740 Broadway Denver, Colorida 80274-8691)

  • Kyle Davis

    (Statistical Consulting Services, Inc. 1380 Lawrence St. Denver, Colorida 80204)

  • Harvey H. Sundel

    (Sundel Research, Inc. 1150 Delaware Street Denver, Colorida 80204)

Registered author(s):

    An understanding of the impact of location variables on the gross rents of retail centers is of paramount interest to owners of, and lenders to, these properties. Through experience and training, retail real estate appraisers, investors, lenders, leasing brokers, and sales brokers have formed professional opinions of the influence of location variables on gross rents. This article presents a method for modeling the options of over 100 of these practitioners. The modeling process can be replicated in alternative geographic settings to provide a current, region-specific assessment of the impact of location variables on the gross rents of neighborhood shopping centers.

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    Article provided by American Real Estate Society in its journal Journal of Real Estate Research.

    Volume (Year): 9 (1994)
    Issue (Month): 1 ()
    Pages: 111-124

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    Handle: RePEc:jre:issued:v:9:n:1:1994:p:111-124
    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
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    Order Information: Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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    1. G. Stacy Sirmans & C.F. Sirmans & John D. Benjamin, 1990. "Rental Concessions and Property Values," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 141-152.
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