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| Forecasting Demand for Commercial Real
Estate Based on the Economic Fundamentals of U.S. Metro Markets Author: Emil E. Malizia Start Page: 251 Abstract: The long-term demand
for commercial real estate depends on the relative attractiveness of each metro market
compared to all other metro areas. Economic growth models can generate reliable forecasts
of commercial real estate demand, but only for the near term. To analyze and compare metro
areas over the long term, forecasts based on economic development factors are needed. To
support this claim, propositions and empirical tests are presented that compare the
influence of regional location, industry mix, and economic development factors on the
long-term employment growth rates and employment instability of U.S. metro areas. |
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