The Dynamics of Property Location : Value and the Factors Which Drive the Location of Shops, Offices and Other Land Uses

This book examines the reasons behind property location and how they are changing. Different theories relating to property location are examined and the book also covers retail industry, offices, industrial and residential property. Book Cover; Title; Contents; List of figures; List of tables; Acknowledgements; Introduction; Dynamics; Forces; Elements; Themes; Location and politics; The retailer disturber of the peace; The planner guardian of the faith; Riding the hierarchy; The search for consensus; The coming of the third wave; The importance of technology; The car and its effect on behaviour; The car and the environment; The revolution in distribution; The importance of value; How valuation works; Residual value; Patterns of rent; Rent mountains; The move west; Areas of growth; Pigs and pythons. Yields and investmentA little theory; Central place theory; Gravity models; Retail location models; Hierarchy; The traditional retail hierarchy; A retail hierarchy for 2000; A typology of shopping centres; The desire to cluster; The ice-cream man; Maximising the benefit; Tenant mix; Retail economics and shop rents; The desire to disperse; The effect of branding; The three waves of decentralisation; Retailing and leisure; Office location; Types of office user Why is property located where it is, and how has this process changed in recent years? A number of factors, such as social change and technological development, have affected location and these are considered. Value, the way changing patterns of location are measured, is examined and there is a discussion of rent contours. The book considers location in the retail industry, looking at the theory, hierarchy, clustering and dispersal. The move to out of town sites, with its three waves of decentralisation, is described. Central place theory, dating from the 1930s, is discounted as being obsolete and misleading. Finally the book covers offices, industrial and residential property. Russell Schiller, PhD, spent nearly thirty years developing property research at CB Hillier Parker, becoming a partner and Head of Research. In 1984 he was made Honoury Professor of Land Economy at the University of Aberdeen. The book sets out the text in a simple and non-technical manner, embued with a strong practical sense, to provide a solid textbook for the Land Economy or Land Management undergraduate student and junior professional.