An Analysis of the Retail Property Market in Taiwan: Competition between Department Stores and Shopping Centres

2007 ◽  
1997 ◽  
Vol 29 (3) ◽  
pp. 485-500 ◽  
Author(s):  
A J McGough ◽  
S Tsolacos

In the present study we undertake a statistical analysis of the cyclical properties of certain economic, financial, and real property-market variables and attempt to establish the stylised facts in relation to the office, industrial, and retail property cycle in the United Kingdom. We build upon the methodology which has been adopted in modern business-cycle research to confirm the cyclical regularities of aggregate variables and business fluctuations across countries and over time. The results of this study establish for certain variables the presence of relative cyclical movements over the phases of the property cycles which conform to theoretical intuition. They also identify cyclical irregularities across property sectors, which the existing property-cycle literature would need to address.


2007 ◽  
Vol 39 (5) ◽  
pp. 1134-1146 ◽  
Author(s):  
Catherine Jackson ◽  
Craig Watkins

2018 ◽  
Vol 1 (1) ◽  
pp. 12-28 ◽  
Author(s):  
Cosmin Bogdan Micu

Abstract First years of specialised retail (in terms of department stores or shopping centres) either that we discuss of the period before the communist regime or that during the regime period itself it is a reality that both benefit from few relevant evidences. As a parallel to those times, the time frame starting from 1990, is the one that provides us with many more details, and like this allowing us to develop an accurate portrait of those retail days. The objectives of the current study is to identify the GLA distribution in the panel of the evaluated cities (as in comparison to the Activ Property Services - APS study) and starting from here to illustrate the existing retail agglomeration in those 24 major cities of Romania. The work behind the proposed paper implied a market research using personal expertise for this field, internet resources, retail magazines, specialised retail agency studies so that to be able to point out, as accurately as possible, all relevant information related to the retail field of activity. Among the conclusions that this study provides, starting with the analysis of the existing shopping centre stock (in the major cities of Romania) and comparing these results with those from the research conducted by APS, in 2017, we find out that more than 77% of the entire GLA of this retail sector is located in those 24 major cities analysed in the current study.


2019 ◽  
Vol 12 (2) ◽  
pp. 155-172 ◽  
Author(s):  
Adejimi Alli Adebayo ◽  
Paul Greenhalgh ◽  
Kevin Muldoon-Smith

Purpose The retail property market is constantly adopting to the continuous demand of retailers and their consumers. This paper aims to investigate retail property market dynamics through spatial accessibility measures of the City of York street network. It explores how spatial accessibility metrics (SAM) explain retail market dynamics (RMD) through changes in the city’s retail rental values and stock. Design/methodology/approach Valuation office agency (VOA) data sets (aspatial) and ordnance survey map (spatial) data form the empirical foundation for this investigation. Changes in rental value and retail stock between 2010 and 2017 VOA data sets represent the RMD variables. While, the configured street network measures of Space Syntax, namely, global integration, local integration, global choice and normalised angular choice form the SAM variables. The relationship between these variables is analysed through geo-visualisation and statistical testing using GIS and SPSS tools. Findings The study reveals that there has been an overall negative changes of 15 and 22% in rental value and retail stock, respectively, even though some locations within the sampled city (York, North Yorkshire, England) indicated positive changes. The study further indicated that changes in retail rental value and stock have occurred within locations with good accessibility index. It also verifies that there are spatial and statistical relationship between variables and 22% of RMD variability was jointly accounted for by SAM. Originality/value This research is first to investigates changes in retail property market variables through spatial accessibility measures of space syntax. It contributes to the burgeoning research field of real estate and Space Syntax.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Fatih Eren ◽  
John Henneberry

PurposeThe continuation of globalisation and liberalisation processes has prompted the restructuring of many national and local property markets. The research examines the evolution of Istanbul's retail property market to identify how global and local agents engage with one another to produce a unique “glocalized” outcome.Design/methodology/approachThe morphogenetic approach is adapted and applied to analyse the dynamics of market change. The focus is on the character and behaviour of national and international market actors and how they interact with the wider political economy. The research uses a combination of elite interviews, document analysis and corporate case studies to obtain empirical evidence.FindingsThe liberalisation of the Turkish economy heralded the entry of the first international companies into Istanbul's retail property market in the 1990s. International involvement expanded rapidly after 2004, accelerating the process of market re-structuring. However, while the number of global buy-outs increased, the expansion of local property companies–and the establishment of some international/national corporate partnerships–was even more marked. This resulted in a “glocalised” market with a strong and distinctive local culture.Originality/valueIstanbul has been a major centre of trade for millenia. This is the first substantive analysis of the recent restructuring of the city's retail property market. Previous research on market maturity and market evolution has paid limited attention to the dynamics of change. The paper describes the use of a process-based theoretical framework (morphogenesis) that was explicitly designed to analyse structural shifts in socio-economic conditions through an examination of the characteristics and behaviours of the actors involved.


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