서울시 매장용 빌딩의 임대료결정 요인에 관한 연구 = A Study on the Rent Determinants of Retail Property in Seoul

다국어 초록 (Multilingual Abstract)

This paper examined the determinants of retail property rent.
To make out variables that affect retail property rent, this paper reviewed the literatures on the determinants of retail property. And then proposed appropriate variables to the Two Stage Least Squares model to analysis what determines the rent of retail properties.
In this paper, authors made empirical analysis for the determinants of retail properties rent in Seoul, Korea. Variables such as an age, building size, building structure, road condition, building location(CBD, Gangnam), population density, the number of whole sale and retail were significant in retail model. But vacancy rate was not significant in our model. This shows that the relation between rent and vacancy rate is not obvious in cross section analysis.

국문 초록 (Abstract)

국내외의 여러 논문에서 오피스빌딩의 공실률과 임대료와의 관계를 분석하고 있으나, 매장용 빌딩에 대해서는 자료의 한계로 연구가 거의 이루어지지 못하고 있다. 이에 본 연구에서는 서울시 소재 549동의 매장용 빌딩 자료를 활용하여 공실률과 임대료의 관계를 중점적으로 살펴보고, 아울러 임대료의 주요 결정요인이 무엇인지를 분석하였다. 분석결과 서울시 매장용 빌딩의 임대료 결정요인은 경과연수, 연면적, 건물구조, 도로조건, 상권, 지역 인구밀도, 지역 도소매업체수 등으로 나타났다. 본 연구에서 TSLS를 이용하여 임대료결정요인의 횡단면분석을 실시한 결과 공실률은 유의하지 않은 것으로 나타났다. OLS를 적용한 경우 유의하던 공실률이 유의성을 상실한 것은 이들 두 변수가 모두 상호영향을 주고받는 내생변수이기 때문인 것으로 여겨진다.

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