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Clustering retailers by store space requirements: Comparable evidence, retail function and rental value

Brenna O’Roarty (Lecturer, Department of Land Economy, University of Aberdeen, Aberdeen, UK)
Stanley McGreal (Reader, School of the Built Environment, University of Ulster, Northern Ireland, UK)
Alastair Adair (Head of School, School of the Built Environment, University of Ulster, Northern Ireland, UK)

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 May 1998

Abstract

This paper utilises cluster analytical techniques to examine the relationship between store space requirements, micro‐style property selection and retail function. Analysis of survey data infers that retail function is the most important dimension in determining retailers’ behaviour with respect to store space requirements. Suggests that variation across a range of factors pertinent to the valuation of shop premises cannot be explained by store space requirements. Concludes that application of unit area values derived from the comparison of properties of different size and layout in any assessment of retail rental values is potentially flawed.

Keywords

Citation

O’Roarty, B., McGreal, S. and Adair, A. (1998), "Clustering retailers by store space requirements: Comparable evidence, retail function and rental value", Journal of Property Valuation and Investment, Vol. 16 No. 2, pp. 133-143. https://doi.org/10.1108/14635789810212904

Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited