This paper aims to assess the underlying influences upon the retail property rents. The data of 4,990 retail properties rents, locations, and facilities in Seoul, Korea were analysed with the multiple regression model. The cross sectional analysis dem...
This paper aims to assess the underlying influences upon the retail property rents. The data of 4,990 retail properties rents, locations, and facilities in Seoul, Korea were analysed with the multiple regression model. The cross sectional analysis demonstrates that there are significant variables of locations and facilities that influence retail properties rents. Those significant variables are number of floors (above-ground), number of underground floors, number of elevators, distance of the subway route (Line Number 2), age of the building, let-able area ratio, number of owners in 1999, security rental bond, and outgoings charges.