@article{ART002139646},
author={Jong-Geun Kim and Seung-Min Joo},
title={Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property},
journal={Journal of the Korean Cartographic Association},
issn={1598-6160},
year={2016},
volume={16},
number={2},
pages={105-114}
TY - JOUR
AU - Jong-Geun Kim
AU - Seung-Min Joo
TI - Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property
JO - Journal of the Korean Cartographic Association
PY - 2016
VL - 16
IS - 2
PB - The Korean Cartographic Association
SP - 105
EP - 114
SN - 1598-6160
AB - In spite of an increased interest on commercial property, there is a lack of useful information for the interested investors. The utility of a commercial building such as accessibility and convenience diminishes as the floor level increases, which is referred to vertical gradient. This paper extends the application of vertical gradient of property utility to include not only rent but assessed price and investment earnings rate. Based on a nationwide sample of offices and retail buildings we found that (1) vertical gradient is useful in identifying the functions and demands of commercial areas when combined with composition of business categories; (2) comparison and integration of different types of vertical gradients help establish exploratory hypothesis on market trends such as possibility and degree of price fluctuations.
KW - Vertical gradient of property;Commercial property;Market area analysis;Investment earnings rate;Exploratory analysis
DO -
UR -
ER -
Jong-Geun Kim and Seung-Min Joo. (2016). Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property. Journal of the Korean Cartographic Association, 16(2), 105-114.
Jong-Geun Kim and Seung-Min Joo. 2016, "Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property", Journal of the Korean Cartographic Association, vol.16, no.2 pp.105-114.
Jong-Geun Kim, Seung-Min Joo "Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property" Journal of the Korean Cartographic Association 16.2 pp.105-114 (2016) : 105.
Jong-Geun Kim, Seung-Min Joo. Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property. 2016; 16(2), 105-114.
Jong-Geun Kim and Seung-Min Joo. "Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property" Journal of the Korean Cartographic Association 16, no.2 (2016) : 105-114.
Jong-Geun Kim; Seung-Min Joo. Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property. Journal of the Korean Cartographic Association, 16(2), 105-114.
Jong-Geun Kim; Seung-Min Joo. Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property. Journal of the Korean Cartographic Association. 2016; 16(2) 105-114.
Jong-Geun Kim, Seung-Min Joo. Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property. 2016; 16(2), 105-114.
Jong-Geun Kim and Seung-Min Joo. "Analysis and Exploration of Commercial Areas Using Vertical Gradient of Property" Journal of the Korean Cartographic Association 16, no.2 (2016) : 105-114.
