Environmental quality perceptions of urban commercial real estate

Environmental quality perceptions of urban commercial real estate The aim of the paper is to investigate locational attributes of commercial real estate which are defined in terms of a collection of qualitative appreciations by office users in the Geneva region in Switzerland. The empirical analysis of these environmental quality appreciations was carried out using the Analytic Hierarchy Process (AHP) methodology with data from a questionnaire which was sent to 1,800 users of commercial real estate. The users belong to seven professional categories, thus making it possible to examine inter‐professional differences between the appreciations. Seven criteria, all quantifiable in the framework of a geographic information system, are used to evaluate the quality of the urban environment through a process of pairwise comparisons. Some general preferences concerning four pre‐defined geographic areas are also examined in the perspective of a possible further analysis based on geographic information systems. Although the value spread of the quality perceptions appears to be rather wide, it is still possible to identify with confidence a few dominant criteria for the choice of particular office locations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Investment & Finance Emerald Publishing

Environmental quality perceptions of urban commercial real estate

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Publisher
Emerald Publishing
Copyright
Copyright © 1999 MCB UP Ltd. All rights reserved.
ISSN
1463-578X
DOI
10.1108/14635789910270521
Publisher site
See Article on Publisher Site

Abstract

The aim of the paper is to investigate locational attributes of commercial real estate which are defined in terms of a collection of qualitative appreciations by office users in the Geneva region in Switzerland. The empirical analysis of these environmental quality appreciations was carried out using the Analytic Hierarchy Process (AHP) methodology with data from a questionnaire which was sent to 1,800 users of commercial real estate. The users belong to seven professional categories, thus making it possible to examine inter‐professional differences between the appreciations. Seven criteria, all quantifiable in the framework of a geographic information system, are used to evaluate the quality of the urban environment through a process of pairwise comparisons. Some general preferences concerning four pre‐defined geographic areas are also examined in the perspective of a possible further analysis based on geographic information systems. Although the value spread of the quality perceptions appears to be rather wide, it is still possible to identify with confidence a few dominant criteria for the choice of particular office locations.

Journal

Journal of Property Investment & FinanceEmerald Publishing

Published: Aug 1, 1999

Keywords: Commercial property; Environment; Perceptions; Real estate

References

  • Towards indices of real estate value and return
    Hoag, J.W.
  • Framework for the World,
    Rhind, D.

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