매장용 임대 빌딩의 임대료 결정요인 분석 - 업종별 구분을 중심으로 -

초록

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to analyze classified rent determinants by industry types for commercial property. The study to analyze rent determinants of commercial stores is insufficient even though many studies have been done for analysis of rent determinants, which is a fundamental source of the profit, with enlargement of scale of indirect investment in the real estate market. Stores, which are distinct from offices, have various industry types and their lease areas are also very different from the types. Therefore, this study builds a hypothesis which is that determinants to affect rent are different by the types and then, verifies it. (2) RESEARCH METHOD The study uses not cross-section data but panel data of 12 quarters from 2009 to 2011 classified by locations and types of each store. Types are classified by the Korean Standard Industrial Classification Table. The methodology of this study is multi-regression analysis using the panel data and I analyze rent determinants of each type through the hedonic price model. (3) RESEARCH FINDINGS As a result of this study, when analyzing panel data of stores, the result is similar to ones of existed studies using cross-section data and shows statistical significance of the variables about the road, frontage condition, story, vacancy rate, using area, and age 2. RESULTS The analysis of rent determinants of each type demonstrates that sale types such as retail and wholesale or restaurants are more affected on locations than non-sale types such as real estate leasing or other businesses. In addition, office types are more sensitive on their areas than sale types. Lastly, this study also displays that the influence of rent determinants of each type are different.

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