@article{ART001975022},
author={이경식 and Oh, Dong-Hoon},
title={A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2015},
volume={25},
number={1},
pages={21-34}
TY - JOUR
AU - 이경식
AU - Oh, Dong-Hoon
TI - A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul
JO - Korea Real Estate Review
PY - 2015
VL - 25
IS - 1
PB - korea real estate research institute
SP - 21
EP - 34
SN - 2092-5395
AB - This study aims at analyzing the rent characteristics of Garak market which is the biggest domestic Agricultural & Marine Products Wholesale Market in Korea. The main methodology used in this study is a two stage method using Huff's probability model and multiple regression analysis. In general, the rent characteristics of retail stores in the Garak market differ from those in general markets around the Garak market. Therefore the two stage methodology enables to estimate and analyze the rents and the rent characteristics of retail stores in the Garak market. The main results are as follows. First, as expected, the basic rental rates based on market-share and actual rental rates showed a substantial correlation with the exception of some outliers. Second, coefficient of determination of both direct sales stores and convenient facilities in the Garak market were much higher than those of general stores around the Garak market. Since the functions of market share and market area affect rents of stores among building facilities, as a result of examining the dispersion of the rents among building facilities, it could be evaluated that their stores’ rents work according to market mechanism. However, the authors reconfirmed that rents in the individual store units were worked by the formal criteria of operating management corporation rather than by market oriented way based on both a supply and demand principle and each store’s competitiveness.
KW - Agricultural & Marine Products Wholesale Market;Retail Store;Rent Characteristics;Huff's probability model
DO -
UR -
ER -
이경식 and Oh, Dong-Hoon. (2015). A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul. Korea Real Estate Review, 25(1), 21-34.
이경식 and Oh, Dong-Hoon. 2015, "A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul", Korea Real Estate Review, vol.25, no.1 pp.21-34.
이경식, Oh, Dong-Hoon "A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul" Korea Real Estate Review 25.1 pp.21-34 (2015) : 21.
이경식, Oh, Dong-Hoon. A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul. 2015; 25(1), 21-34.
이경식 and Oh, Dong-Hoon. "A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul" Korea Real Estate Review 25, no.1 (2015) : 21-34.
이경식; Oh, Dong-Hoon. A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul. Korea Real Estate Review, 25(1), 21-34.
이경식; Oh, Dong-Hoon. A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul. Korea Real Estate Review. 2015; 25(1) 21-34.
이경식, Oh, Dong-Hoon. A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul. 2015; 25(1), 21-34.
이경식 and Oh, Dong-Hoon. "A Study on the Rent Characteristics of Retail Store at Garak Agricultural and Marine Products Wholesale Market in Seoul" Korea Real Estate Review 25, no.1 (2015) : 21-34.
