European Metropolitan Commercial Real Estate Markets (Advances in Spatial Science)

Metropolitan commercial real estate markets are highly influenced by global forces, the regional economy, and institutional behaviour. While descriptions of regional commercial real estate markets are well known and widespread in academic literature, this monograph goes beyond that in explaining the dynamics in and variations between European metropolitan markets. By comparing those markets on relevant indicators and through extensive data analysis, a number of explaining factors is revealed. Contributions on specific metropolitan markets with different positions within the real estate cycle illustrate not only the characteristics of the local economy and its institutions, but also urgent issues such as battling vacancy, changing retail hierarchy or managing obsolescence. ​ Front Matter....Pages i-xviii Introduction....Pages 1-8 Institutional Differences in European Metropolitan Commercial Real Estate Markets....Pages 9-39 Financial Markets in London Metropolitan Commercial Real Estate....Pages 41-69 Building Activities in Barcelona and Madrid Metropolitan Areas....Pages 71-101 Land Policy and Vacancies in the Metropolitan Amsterdam Office Market....Pages 103-131 Ten-Year Belgium Office and Retail Markets with a Digression on Vacancy Modelling....Pages 133-161 Urban Hierarchy in the Budapest Metropolitan Area....Pages 163-196 Rent Gradients in Germany’s Metropolitan Commercial Real Estate Markets....Pages 197-223 Urban Renewal in Warsaw’s Commercial Real Estate Market....Pages 225-250 Booms and Busts in Prague’s Commercial Real Estate Market....Pages 251-280 Geopolitical Changes in Vienna’s Real Estate Market....Pages 281-300 Dynamics of the Intra-Urban Hierarchy in Istanbul’s Metropolitan Area....Pages 301-326 Back Matter....Pages 327-332