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The determinants of nonresidential urban land values

Article Abstract:

Nonresidential land in Dallas may be grouped into commercial, industrial, and office-space. Variables affecting each of these land types are their closeness to the central business district, suburban areas, or other employment concentrations. Land values vary depending upon the combination of these factors, plus the exact location of the property, developmental expectations for the area, neighborhood characteristics, and other traits. Nearness to the central business district has a greater impact on office land value than on commercial land value, and very little effect on industrial land value. Nearness to employment centers is more significant than nearness to the central business district for commercial and industrial land values. Nearness to suburban areas was important for office, but not commercial or industrial land values.

Planning, Urban renewal, Commercial buildings, Office buildings, Dallas, Texas, Dallas

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The impact of location on urban industrial land prices

Article Abstract:

A study of 56 industrial acreage sales in five communities of suburban Detroit revealed that the real estate market there for industrial land is broken into submarkets, and the value added by the location of the land is correctly measured in reference to the the location of the submarket. Traditional monocentric oriented measures of radial distance used to place a value on industrial property in an urban area with a central business district do not accurately represent price gradients that are actually submarket in orientation. Many older metropolitan areas have developed multiple centers, making a monocentric measure inadequate. The other dimensions of location, highway exposure, and the location of land within an industrial park also have a significant impact on price.

Research, Urban economics, Industrial locations, Industrial location

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The effect of environmental attributes on earnings and housing values across SMSA's (standard metropolitan statistical areas)

Article Abstract:

Local governments usually fear that increased taxation or other regulations for urban development projects will drive away businesses and residents, but this is not the case. Reasons why people locate their homes or businesses in a particular region often have comparatively little to do with taxation and regulation. Influential factors are: environmental characteristics of the area, income, and house values. Improvement of urban areas does not necessarily have an inflationary impact because improvement costs are offset by lower labor costs.

Evaluation, Taxation, Housing, Property taxes, Property tax

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