DBPapers
DOI: 10.5593/sgem2017/22/S09.025

DEFINING THE BOUNDARIES OF THE COMMERCIAL REAL ESTATE MARKET DEVELOPMENT

J. Dabrowski
Wednesday 13 September 2017 by Libadmin2017

References: 17th International Multidisciplinary Scientific GeoConference SGEM 2017, www.sgem.org, SGEM2017 Conference Proceedings, ISBN 978-619-7408-02-7 / ISSN 1314-2704, 29 June - 5 July, 2017, Vol. 17, Issue 22, 203-210 pp, DOI: 10.5593/sgem2017/22/S09.025

ABSTRACT

Nowadays we often encounter situations which cannot be explained rationally. However, we always try to find the reason of an ensuing situation. On the example of a selected town, the author presents the range of illogical business decisions pertaining to commercial real estate market. A situation in which somebody spends millions of dollars and even though, according to an expert, the business is doomed to failure anyway, requires an in-depth research. Through his meticulous research, the author uncovers that the investors in the market break all economic and commonsense rules. In the conclusion a hypothesis is made that allows to hold the outwardly illogical decisions in a ‘business clamp’.

Keywords: real estate market analysis, commercial premises market,critical values