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@article{ART001795088},
author={김희선 and Hyun Seok Lee},
title={An Empirical Analysis for Sales and Rent on Expressway Service Areas},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2013},
volume={23},
number={2},
pages={35-52}

TY - JOUR
AU - 김희선
AU - Hyun Seok Lee
TI - An Empirical Analysis for Sales and Rent on Expressway Service Areas
JO - Korea Real Estate Review
PY - 2013
VL - 23
IS - 2
PB - korea real estate research institute
SP - 35
EP - 52
SN - 2092-5395
AB - Most studies of expressway service areas have focused on the perspectives of service area visitors, not on their value in real estate perspectives. This study try to clarify real estate value of expressway service areas in terms of the factors affecting sales & rent by using panel data from 2005 to 2010. The empirical result of this study suggests that pricing factors affecting service area sales are 1) traffic which belongs to their highway section, 2) physical condition on gas station, large parking areas, and comfortable building place for rest, 3) regional condition like Gyeonggi area. Pricing factors affecting the rent of service areas are almost the same as the factors of their sales except the management type of service areas. The rental cost of personally-built service areas is more higher than Build-Transfer-Lease (BTL) service area’s rental. However, major factors in determining the rates of rental depend on management type and regional differences.
KW - expressway service area;rent rate;panel analysis;repeated measure ANOVA
DO -
UR -
ER -

김희선 and Hyun Seok Lee. (2013). An Empirical Analysis for Sales and Rent on Expressway Service Areas. Korea Real Estate Review, 23(2), 35-52.

김희선 and Hyun Seok Lee. 2013, "An Empirical Analysis for Sales and Rent on Expressway Service Areas", Korea Real Estate Review, vol.23, no.2 pp.35-52.

김희선, Hyun Seok Lee "An Empirical Analysis for Sales and Rent on Expressway Service Areas" Korea Real Estate Review 23.2 pp.35-52 (2013) : 35.

김희선, Hyun Seok Lee. An Empirical Analysis for Sales and Rent on Expressway Service Areas. 2013; 23(2), 35-52.

김희선 and Hyun Seok Lee. "An Empirical Analysis for Sales and Rent on Expressway Service Areas" Korea Real Estate Review 23, no.2 (2013) : 35-52.

김희선; Hyun Seok Lee. An Empirical Analysis for Sales and Rent on Expressway Service Areas. Korea Real Estate Review, 23(2), 35-52.

김희선; Hyun Seok Lee. An Empirical Analysis for Sales and Rent on Expressway Service Areas. Korea Real Estate Review. 2013; 23(2) 35-52.

김희선, Hyun Seok Lee. An Empirical Analysis for Sales and Rent on Expressway Service Areas. 2013; 23(2), 35-52.

김희선 and Hyun Seok Lee. "An Empirical Analysis for Sales and Rent on Expressway Service Areas" Korea Real Estate Review 23, no.2 (2013) : 35-52.