Re-Thinking Commercial Real Estate Market Segmentation

Challenges of Commercial Real Estate Management: An analysis of the Swedish commercial real estate industry

............................................................................................................................................... 3 Sammanfattning ................................................................................................................................ 4 Foreword ...................................................................................................

Investor Sentiment and Commercial Real Estate Valuation

This paper investigates the role of fundamentals and investor sentiment in commercial real estate valuation. In real estate markets, heterogeneous properties trade in illiquid, highly segmented and informationally inefficient local markets. Moreover, the inability to short sell private real estate restricts the ability of sophisticated traders to enter the market and eliminate mispricing. These...

Spatial Statistics Applied to Commercial Real Estate

Portfolio theory shows that diversification can enhance the riskreturn trade-off. This study uses the absolute location of commercial real estate property along with spatial statistics to address the inherent problem of determining geographical diversification based upon a set of economic and property-specific attributes, some of which are unobservable or must be proxied with noise. We find tha...

Digital disruption in commercial real estate

Commercial Real Estate Prices and Stock Market Returns: An International Analysis∗

∗The authors gratefully acknowledge the support of the Real Estate Reseach Institiute. We would also like to thank Jones Lang Wootten, BoMa, FRC Canada and Morgan Stanley International for providing us with our data. An earlier version was presented at the 1996 Homer Hoyt meeting. The first author also benefitted from U. of Texas’s summer research grant.