Analysis of demand for commercial real estate of the Moscow Region

2020 ◽  
pp. 95-101
Author(s):  
Yana I. Katkova
Keyword(s):  
Real Estate ◽  
Financial Market ◽  
Supply And Demand ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Moscow Region ◽  
Real Sector ◽  
Demand Side ◽  
Significant Discrepancy ◽  
Investment Returns

The commercial real estate market is a specific and rapidly changing subject for research. Commercial real estate market is connected with the real sector of the economy through consumer demand, and it is connected with the financial market through alternative investment returns. Therefore, this market is actively studied by the Russian and foreign researchers. The most poorly studied issue in this market is its demand side. But the analysis of demand is difficult due to the fact that the buying cycle in the market is very long, and potential buyers are not registered anywhere until the transaction is completed. But the execution of the transaction is not a reflection of demand, as it is the result of negotiations between the seller and the buyer, which may not succeed, as the potential buyer can choose an alternative way of owning property (rent, sublease, co-working) or generating income (bonds, stocks, shares). In this paper, we analyze the demand for commercial real estate in the Moscow region, compare supply and demand in this market, and present a study of the demand for retail, office and industrial-warehouse real estate. We propose a model for pricing commercial real estate. We found a significant discrepancy between supply and demand in the market according in line with their structure, inequality of demand for retail, office and industrial-warehouse premises, the dependence of the price per square meter of real estate to its area (in square footage) and location. The results obtained are consistent with Russian and foreign studies on the analysis of the commercial real estate market. The results of the study may be useful to such players in the commercial real estate market as developers, investors, buyers.

scholarly journals Commonalities in Private Commercial Real Estate Market Liquidity and Price Index Returns

2021 ◽  
Author(s):  
Dorinth W. van Dijk ◽  
Marc K. Francke
Keyword(s):  
Real Estate ◽  
Capital Markets ◽  
Price Index ◽  
Supply And Demand ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Market Liquidity ◽  
Theoretical Simulation ◽  
Operating Income ◽  
The Difference

AbstractWe examine co-movements in private commercial real estate index returns and market liquidity in the US (apartment, office, retail) and for eighteen global cities, using data from Real Capital Analytics over the period 2005–2018. Our measure of market liquidity is based on the difference between supply and demand price indexes. We document for all analyzed markets much stronger commonalities in changes in market liquidity compared to commonalities in real price index returns. We further provide empirical evidence that space markets are less integrated than capital markets by analyzing co-movements in net-operating-income and cap rate spreads (over similar maturity bond yields). In a theoretical simulation model, we show that the strong integration of capital markets compared to space markets, is in fact the reason why market liquidity co-moves so strongly compared to returns. Our results are of interest for large private real estate investors such as pension funds and other institutional investors who are interested in spreading risk. Our findings imply that fully diversified price return benefits may be difficult to obtain, because market liquidity may dry up in all markets simultaneously, which makes portfolio re-balancing more difficult and costly.

scholarly journals WORLD COMMERCIAL REAL ESTATE MARKET UNDER COVID-19 PANDEMIC: INFLUENCES AND TRENDS

2021 ◽  
Vol 26 (1(86)) ◽  
Author(s):  
Andrei Zara
Keyword(s):  
Real Estate ◽  
World Economy ◽  
Global Financial Crisis ◽  
Supply And Demand ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Investment Fund ◽  
Real Estate Industry ◽  
Minimal Impact ◽  
The Impact

The article discusses the characteristic aspects of the trends in the impact of the COVID-19 coronavirus pneumonia pandemic, which has become a unique phenomenon of economic and social development in the global dimension, on the dynamics of the development of the commercial real estate industry in the Western and Ukrainian markets, the differences in the dynamics directions of the commercial real estate market individual segments the after the global financial crisis of 2008-2009, which forced the market to recover at a slow pace and with a simultaneous price and transaction fall, and the pandemic shock of 2020, followed by a general economic recession and an immediate reaction in the form of the prices short-term impact on the commercial real estate assets, but at the same time there was a minimal impact on transaction activity in terms of the market volume of transactions; compares geographically the pandemic impact on the development of the commercial real estate markets main segments, such as the office sector, the hotel sector, the industrial real estate sector, warehouses, data and server centers, through the analysis of real estate investment fund indices, taking into account the research of the survey of the National Association of Realtors USA, analytical and investment real estate agency Real Capital Analytics, reports of the analytical agency FTSE Russell, consulting and auditing companies PricewaterhouseCoopers and Deloitte, consulting and analytical companies in the field of commercial real estate Cushman & Wakefield and Colliers International; demonstrates the change key tendencies in supply and demand factors due to extraordinary steps in the form of a quarantine regime, which in turn stopped the production and sale of most goods/services, and social and corporate activity was transferred to a remote mode in order to keep the population in self-isolation; outlines possible prospects for the development of the commercial real estate industry as an example of one of the most vulnerable world economy sectors in the face of direct opposition to the deterioration of the epidemiological situation, further exit from quarantine and, as a result, the emergence of a corresponding new norm of interpersonal interaction in the B2B and B2C world economy sectors.

Research on the Impact of the Development of E-Commerce in China on the Supply and Demand for Commercial Real Estate on the Basis of Grey System Theory

2014 ◽  
Vol 631-632 ◽  
pp. 1167-1170
Author(s):  
Fan Dong ◽  
Meng Qi Wang
Keyword(s):  
Real Estate ◽  
Supply And Demand ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Grey System Theory ◽  
Stable Operation ◽  
Grey System ◽  
The Real Estate ◽  
Balanced Development ◽  
The Impact

At present, most of the researches on impact of e-commerce in china on the supply and demand for commercial real estate are qualitative researches, thus this paper aims to verify the impact of the development of Chinese e-commerce on the supply and demand for commercial real estate through grey relational analysis. In addition, this paper conducted predictive analysis on the supply and demand for commercial real estate in the certain future period by the prediction model GM (1,1), to much more accurately understand the supply and demand for commercial real estate market, produce reasonable expectation about the future demand for commercial real estate market, ensure a balanced development in supply and demand for commercial real estate, as well as achieve healthy and stable operation of the real estate industry and the urban economy.

The Determinants of the Ex Ante Risk Premiumin Commercial Real Estate

2019 ◽  
Vol 41 (3) ◽  
pp. 411-441
Author(s):  
El i Beracha ◽  
Julia Freybote ◽  
Zhenguo Lin
Keyword(s):  
Real Estate ◽  
Risk Premium ◽  
Predictive Power ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Stock Market Volatility ◽  
Switching Regression ◽  
Risk Premiums ◽  
Debt Capital ◽  
Ex Ante

We investigate the determinants of the ex ante risk premium in commercial real estate. Using a 20-year time series and Markov-switching regression, we find that the ex ante risk premium is affected by fundamental and non-fundamental determinants, albeit not symmetrically when risk premiums are increasing and decreasing. In particular, we find that changes in debt capital market conditions have a higher predictive power for changes in the ex ante risk premium when it is increasing, while changes in stock market volatility and commercial real estate market returns have a higher predictive power when the risk premium is on the decline. In addition, changes in commercial real estate sentiment and NAREIT returns can predict changes in the ex ante risk premium; however, the predictive power of these variables varies across property types and risk premium (risk perception) states.

Research on Supply and Demand of Xi'an Real Estate Market

2011 ◽  
Vol 368-373 ◽  
pp. 3078-3082
Author(s):  
Zhou Ji Meng ◽  
Tao Zhou ◽  
Shu Hua Gao
Keyword(s):  
Principal Component Analysis ◽  
Spectral Analysis ◽  
Real Estate ◽  
Spectral Density ◽  
Supply And Demand ◽  
Principal Component ◽  
Real Estate Market ◽  
Medium Term ◽  
Real Estate Price ◽  
Synthetic Indicators

In the passage, the indicators of supply and demand of real estate market in Xi'an are established, and such indicators are synthesized into a class of synthetic indicators using “principal component analysis”. After the spectral analysis of synthetic indicators, periodic change of supply and demand of real estate through spectral density could be determined. Through the analysis, great randomness existed in supply and demand of real estate in Xi’an. Furthermore, in the medium term, a 3.3 years’ secondary cycle still existed in synthetic indicators of demand, while randomness existed in synthetic indicators of supply. Such findings suggest a declined trend existed in real estate price in medium term of Xi’an.

Content Strategy in Management of Communications

2021 ◽  
Vol 12 (3) ◽  
pp. s232-s242
Author(s):  
Olha Balabash ◽  
Valerii Ilin ◽  
Nataliia Poprozman ◽  
Inna Kuznetsova ◽  
Dmytro Shushpanov ◽  
...  
Keyword(s):  
Real Estate ◽  
Supply And Demand ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
Construction Company ◽  
The Real Estate Market ◽  
Content Strategy ◽  
Alternative Sources ◽  
The Web

The aim of the article is to substantiate the theoretical and methodological support for the formation and implementation of the content strategy of a construction company.  The article considers the formation of content strategy, its place in the management of communications of the enterprise. The following methods were used in the course of the research: the method of statistical analysis (for the analysis of the tendency of the real estate market development of Ukraine); analysis, synthesis, logical and theoretical generalization – to specify the factors of supply and demand in the real estate market; graphical method, table method (to visualize the results of the study); method of calculating specific indicators of communicative activity (CPC (Cost Per Click), CPA (Cost Per Action), CTR (Click Through Rate)) for analysing trends in traffic to the company's website and identifying alternative sources of traffic. The specifics of developing a content strategy taking into account the peculiarities of the company's construction industry are shown. An analysis of trends in the real estate market of Ukraine is carried out based on official statistics. The dynamics of the volume of construction works is analysed, the housing price indices in Ukraine are determined and the factors of supply and demand in the real estate market are specified. The analysis of communicative efficiency of the web-system of the construction company is carried out, as a result of which, measures for improvement of management of its external communications by substantiation of variants of advancement on the Internet are developed. This is done by analysing trends in traffic to the company's website and identifying alternative sources of traffic. The developed measures will increase the efficiency of management of the construction company. The article proposed a procedure for analysing the web-system of a construction company based on attendance indicators and search activity, which allows identifying alternative sources of traffic and developing appropriate measures to manage communications of the enterprise in order to achieve their efficiency. The practical significance lies in the fact that the developed recommendations for the formation of the communication strategy of the construction company can be further used to intensify the promotion of the company's services in the real estate market and attract investment.

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