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On the Relationship between Commercial Property Price and Its Selling Time
Authors: Start Page: 379 Abstract:
This study documents the relationship between commercial property price and
its marketing time. Findings indicate that extended marketing times induce
lower transaction prices and that higher priced properties sell in
relatively shorter marketing spans. These results are suggestive of a
‘‘shopworn’’ pricing effect and the existence of liquidity premiums in
varying pricing segments of the market. Additionally, these results provide
guidance to portfolio managers in the acquisition
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