The Spatial Dimensions of the Investment Performance of UK Commercial Property
Martin Hoesli,
Colin Lizieri and
Bryan MacGregor
Additional contact information
Bryan MacGregor: Department of Land Economy, University of Aberdeen, St Mary's, King's College, Old Aberdeen AB24 3UF, UK, b.d.macgregor@abdn.ac.uk.
Urban Studies, 1997, vol. 34, issue 9, 1475-1494
Abstract:
In this paper, cluster analytical techniques are used to examine dimensions of diversification in UK commercial property markets. A variety of techniques are used on a dataset which contains property returns for 156 property markets (67 retail locations, 64 office locations and 25 industrial locations). The results strongly suggest that property type is the most important dimension in determining different market behaviour. There is also evidence of a geographical factor, but one which does not conform to the conventional 11-region administrative classification but rather suggests a London factor.
Date: 1997
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Working Paper: The Spatial Dimensions of the Investment preformance of UK Commercial Property (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:34:y:1997:i:9:p:1475-1494
DOI: 10.1080/0042098975529
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