IDEAS home Printed from https://ideas.repec.org/a/taf/transp/v49y2026i1p35-52.html

What drives warehouse prices? Estimating a spatial hedonic warehouse pricing model in Belo Horizonte, Brazil

Author

Listed:
  • Leise Kelli de Oliveira
  • Gracielle Gonçalves Ferreira de Araújo
  • Rui Colaço
  • João de Abreu e Silva

Abstract

This paper explores the determinants of warehouse sale prices in Belo Horizonte, Brazil, by estimating a spatial hedonic pricing model (HPM). HPMs are based on the understanding that the value of one property is the outcome of its characteristics, location, and the vicinity in which the property is located. In this paper, we estimated an HPM and identified the influential factors on the sale prices of logistics facilities in Belo Horizonte (Brazil). Results show that proximity to arterial streets, high-hierarchy roads, and the city center positively affect prices. Additionally, the commercial diversity in the city center explains the demand for small warehouses. The concentration of warehouses in areas not classified as suitable economic zones suggests deficiencies in urban planning. The findings indicate that aligning the supply of logistics areas with demand could reduce the dispersion of facilities, lower acquisition costs, and increase profitability for logistics companies, benefiting the city’s economy.

Suggested Citation

  • Leise Kelli de Oliveira & Gracielle Gonçalves Ferreira de Araújo & Rui Colaço & João de Abreu e Silva, 2026. "What drives warehouse prices? Estimating a spatial hedonic warehouse pricing model in Belo Horizonte, Brazil," Transportation Planning and Technology, Taylor & Francis Journals, vol. 49(1), pages 35-52, January.
    • Handle: RePEc:taf:transp:v:49:y:2026:i:1:p:35-52
    DOI: 10.1080/03081060.2024.2445651
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03081060.2024.2445651
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/03081060.2024.2445651?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    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:taf:transp:v:49:y:2026:i:1:p:35-52. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GTPT20 .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.