A Descriptive Analysis of the Retail Real Estate Markets at the Metropolitan Level

Mark J. Eppli () and Steve P. Laposa
Additional contact information
Mark J. Eppli: Department of Finance George Washington University 2023 G Street, N.W. Washington, D.C. 20052, http://www.sbpm.gwu.edu/depts/fin/default.htm
Steve P. Laposa: Price Waterhouse LLP 950 17th Street, Suite 2500 Denver, Colorado 80802, http://www.pwcglobal.com/

Journal of Real Estate Research, 1997, vol. 14, issue 3, 321-338

Abstract: Gross Leasable Area (GLA) per capita is a commonly used measure to compare the retail market potential across different retail real estate markets. This paper uses GLA per capita to assess the supply of the retail space across 58 metropolitan areas in the United States. After a detailed descriptive analysis of the supply of retail space, we estimate GLA per capita for each metropolitan area using a modified version of the stock adjustment model. Initial findings indicate that the retail construction boom of the 1980s was not a boom at all and that GLA per capita can be predicted using a multi-factor model.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol14n03/v14p321.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:14:n:3:1997:p:321-338

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().