Risk Decision Analysis of Commercial Real Estate

Challenges of Commercial Real Estate Management: An analysis of the Swedish commercial real estate industry

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An Analysis of the Behaviour of Commercial Real Estate Indices

There has been criticism within the real estate professions that the lack of availability of good quality data has led actuarial professionals and academics to ignore real estate for modelling purposes. It has sometimes been asserted that this is one of the reasons for the decline in institutional investment in real estate, as asset allocation experts have ignored the asset class because of the...

Investor Sentiment and Commercial Real Estate Valuation

This paper investigates the role of fundamentals and investor sentiment in commercial real estate valuation. In real estate markets, heterogeneous properties trade in illiquid, highly segmented and informationally inefficient local markets. Moreover, the inability to short sell private real estate restricts the ability of sophisticated traders to enter the market and eliminate mispricing. These...

Spatial Statistics Applied to Commercial Real Estate

Portfolio theory shows that diversification can enhance the riskreturn trade-off. This study uses the absolute location of commercial real estate property along with spatial statistics to address the inherent problem of determining geographical diversification based upon a set of economic and property-specific attributes, some of which are unobservable or must be proxied with noise. We find tha...

Digital disruption in commercial real estate