The spatial dimensions of the investment performance of UK commercial property

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Abstract

In this paper, cluster analytical techniques are used to examine dimensions of diversification in UK commercial property markets. A variety of techniques are used on a dataset which contains property returns for 156 property markets (67 retail locations, 64 office locations and 25 industrial locations). The results strongly suggest that property type is the most important dimension in determining different market behaviour. There is also evidence of a geographical factor, but one which does not conform to the conventional 11-region administrative classification but rather suggests a London factor.
Original languageEnglish
Pages (from-to)1475-1494
Number of pages20
JournalUrban Studies
Volume34
Issue number9
DOIs
Publication statusPublished - Aug 1997

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