The Integration of Retail Space Markets
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Gustav D. Jud, Retired (Creator)
- Daniel T. Winkler, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: This study estimates optimized
portfolios on an efficient frontier of real estate investment
in the retail sector of fifty-eight metropolitan markets
(MSAs), using quarterly sample data covering 1987-
2000. The efficient opportunity sets and associated percentage
allocations are determined for the entire sample
of fifty-eight MSAs, as well as for subsets for each region
of the country. Findings indicate that some regions offer
much higher performance in a risk / return occupancy
context than others. Also, the occupancy risk / return performance
improves substantially when allocations are
not limited to particular regions, suggesting that the retail
space markets are relatively segmented.
The Integration of Retail Space Markets
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Created on 2/18/2011
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Additional Information
- Publication
- Journal of Real Estate Portfolio Management, vol. 8, no. 1, 2002, pp. 79-92.
- Language: English
- Date: 2002
- Keywords
- Real estate, Retail space, Metropolitan areas, Risk/return occupancy