Purpose – Despite the recent trend of off‐shoring branches of UK services industry to remote locations, urban theory has yet to enlist a theory of industrial rents that formally takes into account the properties of substitution between locations. The purpose of this paper is to elaborate on...

Purpose – Studies of UK and US property investment markets have historically portrayed the decision‐making process as an exercise in rational analysis. This notion is fundamentally flawed as the concept of a perfect market has limited applicability to the real world context in which property...

Purpose – The purpose of this paper is to explore the investment decision‐making process of major stakeholders in the property sector, with a specific focus on determining the impact of location quality (the quality of the immediate and wider environment within which the site is located) on...