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The Benefits and Importance of Commercial Real Estate

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  • Shaukat, Mughees

Abstract

The economic climate of late has battered investment classes across the board, including commercial real estate. Aside from the usual arguments about including real estate in a well-diversified portfolio, there are compelling reasons to invest in commercial real estate in the current environment. Though the risks are real, income and return characteristics of commercial real estate investment provide a buffer through annuitized cash flow, and savvy investors who “dollar cost average” into the real estate cycle maybe able to acquire assets at prices that will deliver attractive returns over the long time. The Islamic dictum stands side by side on this notion and with the Shariah compliant version in form of „i-REITS‟, it has indeed made its presence felt, but still it leaves a lot to be explored in this sector which mars an ideal potential for a new found.

Suggested Citation

  • Shaukat, Mughees, 2010. "The Benefits and Importance of Commercial Real Estate," MPRA Paper 28268, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:28268
    as

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    File URL: https://mpra.ub.uni-muenchen.de/28268/1/MPRA_paper_28268.pdf
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    References listed on IDEAS

    as
    1. Bradford Case & William Goetzmann & K. Rouwenhorst, 1999. "Global Real Estate Markets: Cycles And Fundamentals," Yale School of Management Working Papers ysm20, Yale School of Management, revised 01 Jan 2001.
    2. Conlin Lizieri & Steven Satchell & Elaine Worzala & Roberto Dacco', 1998. "Real Interest Regimes and Real Estate Performance: A Comparison of UK and US Markets," Journal of Real Estate Research, American Real Estate Society, vol. 16(3), pages 339-356.
    3. Su Han Chan & Wai Kin Leung & Ko Wang, 1998. "Institutional Investment in REITs: Evidence and Implications," Journal of Real Estate Research, American Real Estate Society, vol. 16(3), pages 357-374.
    4. Colin Lizieri & Charles Ward, 2000. "Commercial Real Estate Return Distributions: A Review Of Literature And Empirical Evidence," Real Estate & Planning Working Papers rep-wp2000-01, Henley Business School, Reading University.
    5. Colin Lizieri & Stephen Satchell, 1997. "Property company performance and real interest rates: a regime-switching approach," Journal of Property Research, Taylor & Francis Journals, vol. 14(2), pages 85-97, January.
    6. Simon Stevenson, 2000. "International Real Estate Diversification: Empirical Tests using Hedged Indices," Journal of Real Estate Research, American Real Estate Society, vol. 19(1), pages 105-131.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Commercial Real Estate; I-REITs;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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