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Metropolitan commercial real estate markets are highly influenced
by global forces, the regional economy, and institutional
behaviour. While descriptions of regional commercial real estate
markets are well known and widespread in academic literature, this
monograph goes beyond that in explaining the dynamics in and
variations between European metropolitan markets. By comparing
those markets on relevant indicators and through extensive data
analysis, a number of explaining factors is revealed. Contributions
on specific metropolitan markets with different positions within
the real estate cycle illustrate not only the characteristics of
the local economy and its institutions, but also urgent issues such
as battling vacancy, changing retail hierarchy or managing
obsolescence.
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