Metropolitan commercial real estate markets are highly influenced by global forces, the regional economy, and institutional behaviour. While descriptions of regional commercial real estate markets are well known and widespread in academic literature, this monograph goes beyond that in explaining the dynamics in and variations between European metropolitan markets. By comparing those markets on relevant indicators and through extensive data analysis, a number of explaining factors is revealed. Contributions on specific metropolitan markets with different positions within the real estate cycle illustrate not only the characteristics of the local economy and its institutions, but also urgent issues such as battling vacancy, changing retail hierarchy or managing obsolescence.
Ed Nozeman (1943) holds a MSc Human Geography & Urban planning (University of Utrecht) and a PhD Social Sciences (VU University). After working at various academic institutions he moved to an international real estate company as head of Research and Strategy. Was appointed as professor Real Estate Development at the Department of Economic Geography, University of Groningen in 2000, four years later as visiting professor at the Amsterdam School of Real Estate. Since 2008 affiliated to both institutions as emeritus, at the same time running a consultancy business.His research includes issues on commercial real estate and non profit facilities. Arno van der Vlist (1971) holds a MSc Agricultural & Land economics (Wageningen University) and a PhD Economics (VU University). He is professor Real Estate Development and program manager of the MSc. Real Estate Studies at the Department of Economic Geography, University of Groningen. His research includes issues on housing, commercial real estate, and public procurement in property, land and infrastructure.
1 Introduction.- 2 Institutional Difference in European Metropolitan Commercial Real Estate Markets.- 3 Financial Markets in London Metropolitan Commercial Real Estate.- 4 Building Activities in Barcelona and Madrid Metropolitan Areas.- 5 Land Policy and Vacancies in the Metropolitan Amsterdam Office Market.- 6 Ten Year Belgium Office and Retail Markets with a Digression on Vacancy Modelling.- 7 On Urban Hierarchy in the Budapest Metropolitan Area.- 8 Rent Gradient in Germany's Metropolitan Commercial Real Estate Markets.- 9 Urban Renewal in Warsaw's Commercial Real Estate Market.- 10 Booms and Busts in Prague's Commercial Real Estate Market.- 11 Geopolitical Change in Vienna's Real Estate Market.- 12 Dynamics of Intra Urban Hierarchy in Istanbul's Metropolitan Area.- Index.