Article
A Descriptive Analysis of the Retail Real Estate Markets at the Metropolitan Level
Journal of Real Estate Research
Document Type
Article
Language
eng
Format of Original
18 p.
Publication Date
1-1-1997
Publisher
American Real Estate Society
Disciplines
Abstract
Gross Leasable Area (GLA) per capita is a commonly used measure to compare the retail market potential across different retail real estate markets. This study uses GLA per capita to assess the supply of the retail space across fifty-eight metropolitan areas in the United States. After a detailed descriptive analysis of the supply of retail space, we estimate GLA per capita for each metropolitan area using a modified version of the stock adjustment model. Initial findings indicate that the retail construction boom of the 1980s was not a boom at all and that GLA per capita can be predicted using a multi-factor model.
Citation Information
Mark Eppli and Steven P. Laposa. "A Descriptive Analysis of the Retail Real Estate Markets at the Metropolitan Level" Journal of Real Estate Research (1997) ISSN: 0896-5803 Available at: http://works.bepress.com/mark_eppli/10/
Published version. Journal of Real Estate Research, Vol. 14, No. 3 (1997): 321-338. Publisher Link. © 1997 American Real Estate Society. Used with permission.
Mark Eppli was affiliated with George Washington University at the time of publication.