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Is There A Link Between Spatial Theories And Retail Property Investments Within The Urban Area? The Situation Of German Discounters

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  • Matthias Segerer

Abstract

Retail property is generally associated with Shopping Centres or Real Estates in the CBD, which are much more prestigious than big boxes in the suburbs. But from a quantitative point of view, the impact of Retail Properties like supermarkets, discounters or hypermar-kets has been increasing for the last 30 years. Spatial based theories on retail locations as stated by Agergaard and Lange, which explain the retailersí siteselection assuming a rising income and increasing mobility on part of the consumers in addition to a permanent en-hancement of operational forms, predicted a relocation of retail properties to suburban ar-eas. However, these theories disregarded the characteristics of real estate markets. The following article shows, exemplified by the German discounter-market, how characteris-tics and protagonists of real estates submarkets influence the retailersí siteselection. There-fore, economic elements of real estate appraisal and spatial analysis are combined in a theo-retical approach in order to account for retailersí future siteselection within the urban area based on economic and spatial facts.

Suggested Citation

  • Matthias Segerer, 2010. "Is There A Link Between Spatial Theories And Retail Property Investments Within The Urban Area? The Situation Of German Discounters," ERES eres2010_172, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2010_172
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2010-172
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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