Author: R. Sirpal

Start Page: 487
End Page: 506
Volume: 9
Issue Number: 4
Year: 1994
Publication: Journal of Real Estate Research

Abstract: This paper examines price differences of identical residential properties located around shopping centers of different sizes. Various models are tested for this purpose. The size of a shopping center is found to have a positive contributory effect on the values of surrounding residential properties as the variable "size of a shopping center" is found to be positive and significant in all models. The results indicate that the value of a residential property at a radial distance from the outer periphery of a larger shopping center is higher as compared to that of an otherwise identical residential property located at the same radial distance from the outer periphery of a smaller shopping center.