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Spatial Patterns of Retail Stores in Seoul, Korea
Korea Real Estate Review
2009,
19(2), pp.279-296
Publisher : korea real estate research institute
Research Area : Law of Real Estate
Publisher : korea real estate research institute
Research Area : Law of Real Estate
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Location, Location, and Location! As all real entities tend to seek specific locations so the spatial relationships among similar or different real estates are important to understand real estate market trends. This study tried to identify the spatial relations of 49 types of retail stores in Seoul applying spatial autocorrelation methods - Getis-Ord G and Gi*. Three objectives were to 1) explain a spatial autocorrelation methods - Getis-Ord G and Gi*; 2) identify retail types which have a tendency to cluster throughout the city of Seoul; and 3) illustrate highly clustered spots of each retail types in Seoul, Korea and try to explain possibility of relations between cluster tendency of retail types and the spatial structure of Seoul. Results showed that 21 out of 49 retail types were highly clustered on specific spots in Seoul. Among them, ten commuter-oriented retail types(e.g. Japanese Restaurant, Cafe, Chained Mart, etc) were mainly clustered in downtown and subcenters, and seven dweller-oriented retail types(e.g. Electronic Gameroom, Infant Goods, Health Goods, etc) were clustered around the inner-ring suburbs in Seoul. Four retail types(e.g. Traditional Clothes, Study Rooms, Used Furniture, etc) were clustered in specific areas in Seoul, such as JongRo-3Ga, BongChon-Dong, and SaDang-Dong.
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