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Obsolescence and the Process of Creative Reconstruction

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  • John R. Bryson

    (School of Geography, University of Birmingham, Edgbaston, B15 2TT, UK, Bryson@bham.ac.uk.)

Abstract

What is built and where it is built is largely determined by the activities and perceptions of global investment capital. Comparatively limited work has been undertaken into the property markets of regional cities as well as into the process of building obsolescence, refurbishment and valorisation. This paper explores the dynamics of the property development process in relation to land rent theory in marginal development locations. It argues that the debate over land rent theory, between academics who want to retain the canonical dogma and those who focus on landownership, is misplaced. What is required is a combination of these approaches. Increasingly, what is built and where it is built reflects the varied nature of property interests, as well as the actions of the local and national state. The argument is supported by a case study of Nottingham's office market.

Suggested Citation

  • John R. Bryson, 1997. "Obsolescence and the Process of Creative Reconstruction," Urban Studies, Urban Studies Journal Limited, vol. 34(9), pages 1439-1458, August.
    • Handle: RePEc:sae:urbstu:v:34:y:1997:i:9:p:1439-1458
    DOI: 10.1080/0042098975501
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    References listed on IDEAS

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    Cited by:

    1. Charles Ka Yui Leung & Patrick Wai Yin Cheung & Erica Jiajia Ding, 2008. "Intra-metropolitan Office Price and Trading Volume Dynamics: Evidence from Hong Kong," International Real Estate Review, Global Social Science Institute, vol. 11(2), pages 47-74.

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