Modelling rental change across key retail investment markets in Britain: Valuation and measurement considerations

摘要: Models of the commercial property market have become increasingly sophisticated in recent years. However, retail sector and, more specifically, analysis markets at local level, been comparatively neglected. This paper makes inroads into this gap research. Retail rental change level is explored, focusing on consumer expenditure as key determinant change. The appropriateness proxy variables investigated and mechanisms are examined. highlights issues difficulties unique to analysis. Following this, relationship between underlying changes investigated. stability a panel model examined, with differences functioning identified across diverse groups investment markets. These highlight re‐emergence northern during both economic decline recovery phases last decade 20th century. Rental levels larger smaller also seen respond significantly different degrees, periods recovery.