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2016 | nr 1 | 55--61
Tytuł artykułu

Options for Quantitative Assessment of Types of Commercial Real Estate Leases

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Facing increasing business volumes and internationalisation, office lease issue is becoming increasingly relevant to business enterprises. They become an integral part of the business which determines the outcome of commercial activities. Current assessment methodologies for types of office leases are flawed because they lack comprehensiveness and they are not linked to the objective of a lease, that is improvement of business deliverables. The methods for quantitative assessment of lease types are flawed. The objective of this article is developing a hierarchical system of indicators in connection with commercial real estate (office) leases adapted for quantitative assessment using multi-criteria methods. As a result of the research, it has been obtained that such system contains three categories: economic, premises and environmental. 12 indicators fall into the first one, 24 - into the second and 16 - into the third one. (original abstract)
Rocznik
Numer
Strony
55--61
Opis fizyczny
Twórcy
  • Vilnius Gediminas Technical University, Lithuania
Bibliografia
  • Appel-Meulenbroek, R., Groenen, P., & Janssen, I. (2011). An end-user's perspective on activity-based office concepts. Journal of Corporate Real Estate, 13(2), 122-135.
  • Choi, J.-H., Loftness, V., & Aziz, A. (2012). Post-occupancy evaluation of 20 office buildings as basis for future IEQ standards and guidelines. Energy and Buildings, 46, 167-175.
  • Cupal, M. (2014). The Comparative Approach Theory for Real Estate Valuation. Social and Behavioral Sciences, 109, 19-23.
  • Eichholtz, P., Kok, N., & Quigley, J. (2009). Doing well by doing good? An analysis of financial performance of green office buildings in the USA, RICS Report. London, Great Britain: Royal Institution of Chartered Surveyors. Retrieved from http://www.srmnetwork.com/pdf/whitepapers/Financial_Performance_of_Green_Office_Buildings_RICS_Mar09.pdf
  • Eichholtz, P., Kok, N., & Quigley, J.M. (2010). Doing well by doing good? Green office buildings. American Economic Review, 100(5), 2492-2509.
  • Fan, G., Huszar, Z., & Zhang, W. (2013). The Relationships between Real Estate Price and Expected Financial Asset Risk and Return: Theory and Empirical Evidence. Real Estate Finance and Economics, 6, 568-595.
  • Fawcett, W., & Chadwick, A. (2007). Space-time management and office floorspace demand: Applied experience and mathematical simulations. Journal of Corporate Real Estate, 9(1), 5-24.
  • Fawcett, W., & Rigby, D. (2009). The interaction of activity, space and cost variables in office workstation sharing. Journal of Corporate Real Estate, 11(1), 38-51.
  • French, N., & Wiseman, G. (2003). The price of space: the convergence of value in use and value in exchange. Journal of Property Investment & Finance, 21(1), 23-30.
  • Fuerst, F., & Grandy, A.-M. (2012). Rational expectations?: Developer behaviour and development cycles in the central London office market. Journal of Property Investment & Finance 30(2), 159-174.
  • Fuerst, F., & McAllister, P. (2011). Eco-labeling in commercial office markets: Do LEED and Energy Star offices obtain multiple premiums? Ecological Economics, 70(6), 1220-1230.
  • Ginevicius, R. (2007). Hierarchical Structuring of Processes and Phenomena. Busineess: Theory and Practice, 8(1), 14-18.
  • Ginevicius, R. (2009). Some Problems of Quantitative Evaluation of the State of Social-Economic Systems. Busineess: Theory and Practice, 10(2), 69-83.
  • Ginevicius, R., & Podvezko, V. (2005). Generation of a Set of Evaluation Criteria. Busineess: Theory and Practice, 6(4), 199-207.
  • Investa Properties Limited. (2006). Green lease guide - for commercial office tenants. Sydney, Australia: Investa Property Group. Retrieved from http://www.sustainability.vic.gov.au/resources/documents/green_lease.pdf
  • Levy, D., & Peterson, G. (2013). The effect of sustainability on commercial occupiers' building choice. Journal of Property Investment & Finance, 31(3), 267-284.
  • Martinac, I., Azar, M., Choy, M., Miller, M., & Nilsson, A. (2011). Energy saving in commercial rental properties - Innovative stakeholder relationships and contracting models - CERBOF Project
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171403431

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