An Analysis of Shopping Center Investment

John D Benjamin, G Donald Jud and Daniel T Winkler

The Journal of Real Estate Finance and Economics, 1995, vol. 10, issue 2, 68 pages

Abstract: During the 1980s, the oversupply of retail space has lowered rents, raised vacancies, and damaged the integrity of financial institutions as developers and other borrowers have been forced into default. This paper explores the propensity of developers to create shopping center space. The research draws on the macroeconomic investment literature to formulate a model of shopping center investment. We estimate our model using shopping center and sales data from all fifty states of the United States and the District of Columbia. Our results provide evidence about how investment in new shopping space responds to changes in retail sales, capital costs, and taxes. Copyright 1995 by Kluwer Academic Publishers

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:kap:jrefec:v:10:y:1995:i:2:p:161-68

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11146/PS2

Access Statistics for this article

The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

More articles in The Journal of Real Estate Finance and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().