Groundwater Contamination and Real Estate Investment Risk

Thomas Jackson

Journal of Real Estate Practice and Education, 2005, vol. 8, issue 1, 115-131

Abstract: The market for commercial and industrial real estate can be impacted by the risks and uncertainty associated with environmental contamination. This research addresses environmental risk perceptions through a national survey of commercial and industrial real estate investors, and compares the results to a similar survey of lenders. Key findings are: perceived risk declines as cleanup plans for contaminated properties are approved, cleanup begins and is completed; lenders perceive greater risk than investors before, during and after cleanup; prior experience with contaminated properties generally decreases perceived risk; and strong market conditions mitigate perceived risk while weak conditions tend to exacerbate these perceptions.

Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2005.12091614 (text/html)
Access to full text is restricted to subscribers.

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:taf:rjrpxx:v:8:y:2005:i:1:p:115-131

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrp20

DOI: 10.1080/10835547.2005.12091614

Access Statistics for this article

Journal of Real Estate Practice and Education is currently edited by Reid Cummings

More articles in Journal of Real Estate Practice and Education from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().