Influence of Fixtures and Business Types upon Industrial Properties' Rent

AUTHORS

Saejoon Oh,Changshin University

ABSTRACT

This study analyzes factors affecting industrial buildings rent located in Siwha National industrial complexes in Korea. The results verify that certain characteristics significantly affect the rent prices of industrial properties: location, physical buildings, inside facilities, categories of industry (business type), and macro environment. To differentiate this paper from earlier studies, it includes the characteristics of factory fixtures and business types. In addition, this study is distinctive, in that it uses the real transaction prices of factories, enhancing its reliability.

 

KEYWORDS

Industrial Property, Factory, Industrial Complex, Fixture, Business Type

REFERENCES

[1]    B.W. Ambrose, An Analysis of the Factors Affecting Light Industrial Property Valuation, Journal of Real Estate Research. 3, 5 (1990).
[2]    J. Kowalski and C. Paraskevopoulos, The Impact of Location on Urban Industrial Land Prices, Journal of Urban Economics. 1, 27 (1990)
[3]    F. A. Fehribach, R. Rutherford and M. E. Eakin, An Analysis of the Determinants of Industrial Property Valuation, Journal of Real Estate Research. 3, 8 (1993)
[4]    N. Dunes and C. Jones, Rental Depreciation Obsolescence and Location: the Case of Industrial Properties, Journal of Property Research. 3, 22 (2005)
[5]    S. Rosen, Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition, Journal of Political Economy. 82 (1974).
[6]    NAVER Map Service. Available online: http://map.naver.com
[7]    Korea Industrial Complex Corporation. Available online: http://www.kicox.or.kr
[8]    Korean Statistical Information Service. Available online: http://kosis.kr
[9]    The Bank of Korea, Economic Statistics System. Available online: http://ecos.bok.or.kr/

CITATION

  • APA:
    Oh,S.(2018). Influence of Fixtures and Business Types upon Industrial Properties' Rent. World Journal of Accounting, Finance and Engineering, 2(1), 37-42. 10.21742/WJAFE.2018.2.1.07
  • Harvard:
    Oh,S.(2018). "Influence of Fixtures and Business Types upon Industrial Properties' Rent". World Journal of Accounting, Finance and Engineering, 2(1), pp.37-42. doi:10.21742/WJAFE.2018.2.1.07
  • IEEE:
    [1] S.Oh, "Influence of Fixtures and Business Types upon Industrial Properties' Rent". World Journal of Accounting, Finance and Engineering, vol.2, no.1, pp.37-42, May. 2018
  • MLA:
    Oh Saejoon. "Influence of Fixtures and Business Types upon Industrial Properties' Rent". World Journal of Accounting, Finance and Engineering, vol.2, no.1, May. 2018, pp.37-42, doi:10.21742/WJAFE.2018.2.1.07

ISSUE INFO

  • Volume 2, No. 1, 2018
  • ISSN(p):2208-8512
  • ISSN(e):2208-8520
  • Published:May. 2018

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