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@article{ART001613492},
author={박수훈 and Chang-Moo Lee and Lee Jae Woo},
title={Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2011},
volume={21},
number={3},
pages={73-90}

TY - JOUR
AU - 박수훈
AU - Chang-Moo Lee
AU - Lee Jae Woo
TI - Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis
JO - Korea Real Estate Review
PY - 2011
VL - 21
IS - 3
PB - korea real estate research institute
SP - 73
EP - 90
SN - 2092-5395
AB - Retail location has been recognized as the prime determinant of property value. Despite of numerous studies on the relationship between location and property value, there are few empirical studies that explain the relationship individual store location in shopping complexes and its effect on transaction price. This study analyzed transaction price determinants of individual stores in shopping complexes by the hedonic regression model. Especially, topological information derived from Space Syntax is applied to the empirical model as the independent variable. The results of empirical analysis show that individual store location is a prime determinant of transaction price, and there are substantial variations of individual stores transaction price in shopping complexes. Furthermore, the hedonic regression models with accessibility as independent variable have good explanatory power about transaction price determinants of individual stores. Finally, the results from this study give us help in understanding of individual stores transaction price determinants in shopping complexes, and can be applied to valuation of income-producing properties.
KW - space syntax;transaction price determinants;retail properties
DO -
UR -
ER -

박수훈, Chang-Moo Lee and Lee Jae Woo. (2011). Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis. Korea Real Estate Review, 21(3), 73-90.

박수훈, Chang-Moo Lee and Lee Jae Woo. 2011, "Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis", Korea Real Estate Review, vol.21, no.3 pp.73-90.

박수훈, Chang-Moo Lee, Lee Jae Woo "Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis" Korea Real Estate Review 21.3 pp.73-90 (2011) : 73.

박수훈, Chang-Moo Lee, Lee Jae Woo. Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis. 2011; 21(3), 73-90.

박수훈, Chang-Moo Lee and Lee Jae Woo. "Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis" Korea Real Estate Review 21, no.3 (2011) : 73-90.

박수훈; Chang-Moo Lee; Lee Jae Woo. Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis. Korea Real Estate Review, 21(3), 73-90.

박수훈; Chang-Moo Lee; Lee Jae Woo. Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis. Korea Real Estate Review. 2011; 21(3) 73-90.

박수훈, Chang-Moo Lee, Lee Jae Woo. Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis. 2011; 21(3), 73-90.

박수훈, Chang-Moo Lee and Lee Jae Woo. "Transaction Price Determinants of Individual Stores in Shopping Complexes : Based on Space Syntax Analysis" Korea Real Estate Review 21, no.3 (2011) : 73-90.