Factors Influencing CBD Land Prices

  • August 24, 2000
  • • Written by: Bill Mundy John A. Kilpatrick

Fall 2000, Vol 25, No 3

Abstract: In rapidly moving but thinly-traded real estate markets, attempts at valuation using traditional, or ‘first generation’ approaches can be problematic. Fortunately, other valuation models are available. This manuscript demonstrates the use of an economic model, including unemployment rates and vacancy rates, to value downtown land over time.