This paper employs a unique dataset to analyse the retail rental levels of 1108 retail tenants in 148 UK regional shopping malls. The dataset integrates information regarding the characteristics of the shopping centre, the individual retailer, the brand, the individual unit occupied, the tenancy...

UK commercial property lease structures have come under considerable scrutiny during the past decade since the property crash of the early 1990s. In particular, tenants complained that the system was unfair and that it has blocked business change. Government is committed, through its 2001...

Office returns in the City of London are more volatile than in other UK markets. This volatility may reflect fluctuations in capital flows associated with changing patterns of ownership and the growing linkage between real estate and financial markets in the City. Using current and historical...

In this paper, cluster analytical techniques are used to examine dimensions of diversification in UK commercial property markets. A variety of techniques are used on a dataset which contains property returns for 156 property markets (67 retail locations, 64 office locations and 25 industrial...

The concept of industrial clusters has attracted much attention during the past decade, both as descriptive of an increasingly important phenomenon and as a basis for effective public intervention in the economies of lagging city-regions. However, there is much ambiguity in the way in which this...

Fundamental problems exist with the classical characterisation of agglomeration economies, since such definitions do not reflect the various cost issues on which firms may wish to economise. A lack of understanding of the relationship between the notions of market hierarchies and locational...

This paper contends that in many real-world situations, the frequency with which transactions take place is central to the relationship between land prices and location. It will therefore be argued that an approach which makes the transactions and journey frequency endogenous to the cost problem...

This paper reports on a model of the sequential migration behaviour of some 76 000 Scottish and Welsh students, from their domicile location to the location of their higher education and on to their employment location. A logit model methodology is employed to analyse the choice of the location...

Prior studies suggest that homeownership positively impacts on social capital formation. However, many studies find it difficult to control adequately for selection effects in the form of factors, some of which may be unobserved, that encourage both homeownership and investment in social capital...