The Economics of Commercial Property Markets [Paperback]

This new text provides a rigorous analysis of real estate markets. Three main sections cover:

• microeconomics of property markets
• the macroeconomics of commercial property
• the financial economics of property

Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.

Part 1: Introduction. Prologue  1. Introduction  Part 2: The Micro Economics of Property Markets  2. The Consumption of Commercial Property  3. The Location of Commercial Property  4. The Production of Commercial Property  5. Rent in the Commercial Property Market  Part 3: The Macroeconomics of Commercial Property  6. Property Macroeconomics  7. Short Cycles in Property Markets  8. Short Term Property Forecasting  9. Property Investment and Economic Growth  Part 4: The Financial Economics of Property  10. Property Assets and Investment Vehicles  11. Valuation, Pricing and Performance Measurement  12. Indirect Investment, Finance and Funding of Property  13. International Property Markets  Part 5: Conclusions  14. Conclusions