Start Page: 183
End Page:196
Volume:7
Issue Number: 02
Year: 1999
Publication: Journal of Real Estate Literature

   
Abstract: The purpose of the article is to assess the generality of previous empirical findings on the determinants of retail rent in shopping centers and validate their substantive robustness using data from Hong Kong. Consistent with previous findings, the rental rate of a retail unit is positively related to its customer-generating power and the size of the shopping center but negatively related to its own size. In contrast to previous findings, it is positively associated with chain stores and the age of the shopping center but not significantly related to several provisions in the lease.