Search results

1 – 10 of over 2000
Article
Publication date: 21 March 2024

Guiwen Liu, Yue Yang, Kaijian Li, Asheem Shrestha and Taozhi Zhuang

Micro-regeneration can effectively enhance a neighborhood’s commercial vitality and serve as a viable approach to boost economic benefits. However, the small scale of…

55

Abstract

Purpose

Micro-regeneration can effectively enhance a neighborhood’s commercial vitality and serve as a viable approach to boost economic benefits. However, the small scale of micro-regeneration efforts and the fragmented nature of information currently limit the availability of strong empirical evidence demonstrating its impact on neighborhood commercial vitality. The aim of the study was to examine the link between micro-regeneration and neighborhood commercial vitality, focusing on the average, time-lag, spatial spillover, and spatial heterogeneity effects.

Design/methodology/approach

Using the panel data set of 1,755 neighborhoods in Chongqing from 2016 to 2021 as the research sample, the difference-in-differences (DID) method was employed in this study to explore the impact micro-regeneration has on neighborhood commercial vitality.

Findings

The results illustrate that: (1) micro-regeneration can promote neighborhood commercial vitality in terms of the number and types of local consumption amenities by 27.76 and 5.89%, respectively, with no time-lag effect; (2) the positive spillovers can exist within the range of 5,000 meters–5,500 meters of regenerated neighborhoods; and (3) the effect of micro-regeneration on neighborhood commercial vitality can be greater in peripheral areas than in core areas of the city.

Originality/value

The findings fill the knowledge gap on the relationship between micro-regeneration and neighborhood commercial vitality. Additionally, the results on the time-lag effect, spatial spillover effects, and spatial heterogeneity provide practical implications that can support the government and private sector in developing temporal and spatial arrangements for micro-regeneration projects.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Book part
Publication date: 31 December 2010

Lan Wang, Ratoola Kundu and Xiangming Chen

The new town concept originated from the ideal city model of Ebenezer Howard and expanded from Europe to America in the 1900s. It has reemerged as a site for accommodating…

Abstract

The new town concept originated from the ideal city model of Ebenezer Howard and expanded from Europe to America in the 1900s. It has reemerged as a site for accommodating population from highly dense urban centers of China and India since the early twenty-first century. The massive infusion of public and private investments has enabled the emergence of new towns in China and India as planned centers of world-class residential, commercial, and work spaces. The rational goal of de-densifying the crowded central cities can lead to a more balanced distribution and use of resources across the metropolitan regions with more spacious housing for the growing middle class in China and India. Yet it is a relatively small number of the wealthy and mobile people who have turned out to be beneficiaries of the mostly high-end housing and well-developed transport infrastructure that evokes social and economic polarizations and political contestations. In this chapter, we will examine: (1) how these top-down planned and developed new towns have reshaped the urbanization process of the megacities in India and China, (2) the socio-spatial influence of these settlements on the central city as well as the surrounding rural areas, and (3) the expected and actual spatial users (both old and new residents) of the new towns? We address these questions by organizing two pairs of cases in a systematic framework: Anting New Town and Thames Town in Shanghai, China and Rajarhat New Town and the Kolkata West International City (KWIC) near Kolkata, India.

Details

Suburbanization in Global Society
Type: Book
ISBN: 978-0-85724-348-5

Abstract

Details

Citizen Responsive Government
Type: Book
ISBN: 978-1-84950-029-6

Abstract

Details

Urban Dynamics and Growth: Advances in Urban Economics
Type: Book
ISBN: 978-0-44451-481-3

Book part
Publication date: 19 June 2019

Junhong Im and Sung Hyo Hong

This chapter estimates the average wage and land price for each area through regression analyses to control for heterogeneity of workers and land across areas. Based on these…

Abstract

This chapter estimates the average wage and land price for each area through regression analyses to control for heterogeneity of workers and land across areas. Based on these quality-adjusted averages of wage and land price, we calculate each area’s business (Q B) and residential environment index (Q H) following Gabriel and Rosenthal (2004) and list the top 20 and bottom 20 locations in terms of Q B and Q H values, respectively. The findings of this chapter can be summarized as follows. First, metropolitan areas are perceived overall as relatively better locations both for firms and for workers. However, the quality of business environment and the quality of life do not necessarily match across locations. Second, while the college-educated and the young are more likely to live in the locations with better quality of business and residential environment, the old tend to live disproportionately in the locations with inferior local amenities possibly due to financial constraints. Firms newly established, belonging to headquarters, or in business service industries locate more heavily in the locations with better quality of business environment, but not necessarily in the locations with greater quality of life. However, manufacturers seem to locate their plants more in the places with lower quality of business environment. Consequently, the degree to which local amenities vary across areas seems to be remarkable in Korea. Since compensating differentials are prone to be self-reinforcing, the policy efforts by the local or central government are important for future balanced growth.

Details

Asia-Pacific Contemporary Finance and Development
Type: Book
ISBN: 978-1-78973-273-3

Keywords

Book part
Publication date: 16 December 2003

Alexei Zelenev

Below are summaries of some of the most cited works on amenities by economists. The review started with key recent works, such as those by Edward Glaeser et al., and worked back…

Abstract

Below are summaries of some of the most cited works on amenities by economists. The review started with key recent works, such as those by Edward Glaeser et al., and worked back to major earlier works. Review articles were given preference, as they provide a summary of the field. Website addresses are available for many papers, to facilitate global access.

Details

The City as an Entertainment Machine
Type: Book
ISBN: 978-0-76231-060-9

Article
Publication date: 31 May 2011

Rod Bantjes

The purpose of this paper is first, to assess the applicability of the ideal of mixed‐use nodal development to a small town and rural setting. Second, it aims to model the…

1286

Abstract

Purpose

The purpose of this paper is first, to assess the applicability of the ideal of mixed‐use nodal development to a small town and rural setting. Second, it aims to model the patterns of density of the built environment, distribution of amenities and associated variations in travel distances and to show how all three have changed over the last decade in Antigonish town and county (Nova Scotia, Canada).

Design/methodology/approach

The core of the paper is a quantitative analysis, using GIS software to measure the changes in the built environment described in the second purpose (above).

Findings

The trend in Antigonish has generally been away from nodal development and towards increased commercial sprawl and increased distances between residences and amenities. However, there are realistic opportunities for reversing this trend.

Research limitations/implications

The paper suggests improved measures of access to amenities (to include employment) and improved measures of walkability using GIS.

Practical implications

The findings of this paper are directly applicable to planning to improve the social amenities and environmental sustainability in a small town/rural context.

Originality/value

There is very little literature on the applicability of theories of nodal development in a small town/rural setting. This paper addresses that problem and brings innovative GIS techniques to bear on it.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 5 no. 2
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 19 January 2024

Raveena Marasinghe and Susantha Amarawickrama

This paper examines rent determinants and their relationship with commercial office property rents.

65

Abstract

Purpose

This paper examines rent determinants and their relationship with commercial office property rents.

Design/methodology/approach

The method adopted in this study differs from that of previous studies on this topic. Firstly, based on the survey of the viewpoints of experts, Relative Importance Index (RII) analysis was used to identify rent determinants and to rank and ensure their relevance and validity in the Sri Lankan context. Secondly, sampling of data related to 115 office properties collected from property tenants and landlords located within the central built-up area of Colombo City was conducted using a multi-methods approach to carry out an objective hedonic analysis of office rents.

Findings

This research utilizes RII and hedonic models to provide insights into determinants and relationships. Both analyses confirm that the three top drivers of commercial office rent are distance from the major town center, availability of parking space and the condition of the property. In addition to these three factors, hedonic models reveal that the age of the property and the availability of a conference hall also play a relevant role in explaining office rents. Given the disparities in the findings of the two methods, further examination was able to confirm that factors such as distance from the major town center, parking availability, age of the property, presence of a conference hall, building condition, floor size, business type and type of building are likely to influence commercial office rent. These findings reflect elements such as the quality, newness and better facilities of different office properties.

Practical implications

This systematic study and analysis of office rent for the guidance of real estate investors can support sound investment decisions, potentially leading to more financially sound property development, reduced public debt levels and improved public-private financing. Further, the research findings offer valuable insights to real estate investors, developers and planners regarding location decisions for office development quality enhancements in future office developments.

Originality/value

This research provides fresh insights into the local scale office market, an area where limited evidence currently exists. Further, the methodology adopted provides evidence that hedonic analysis, supported by a multi-method approach, can mitigate the subjective judgments made by professionals.

Details

Journal of Property Investment & Finance, vol. 42 no. 1
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 3 May 2022

Nick Clifton and Darja Reuschke

Coworking (shared flexible working spaces) grew exponentially before the COVID-19 pandemic. The crisis led to spaces closing but demand is likely to increase as homeworking/remote…

Abstract

Purpose

Coworking (shared flexible working spaces) grew exponentially before the COVID-19 pandemic. The crisis led to spaces closing but demand is likely to increase as homeworking/remote working levels remain permanently higher post-pandemic. Previous studies largely focused on ‘satisfied customers’ – freelancers and entrepreneurs in the urban core; but these are a poor guide to future preferences given an increasingly diverse set of potential users. Understanding these preferences is of significant value to future providers, investors and real estate operators.

Design/methodology/approach

The authors employ a mixed-methods approach, observing self-organised coworking sessions and online platforms, and a questionnaire of the coworking networks/groups. The authors address the research questions: i) how do individuals' make decisions about how and where to engage in shared working and ii) do they consider locational characteristics (beyond accessibility) and social and physical (environmental) aspects of coworking?

Findings

Proximity to home is a key result. Participants are mostly local and seek community, with a strong emphasis on effective work routines. Results stress the importance placed on social factors and in-space amenities, but affordability is also important. Coworkers experiencing both informal groups and organised spaces rate the informal experience as significantly more beneficial.

Practical implications

There are implications for the real estate element of future provision and funding models.

Originality/value

The authors contribute to the understanding of coworking preferences/motivations through addressing methodological limitations of previous studies. Rather than surveying individuals in coworking spaces, the authors study individuals who engage in coworking in various forms which will reflect the diverse (users, spaces, locations) demands for future coworking.

Details

Journal of Property Investment & Finance, vol. 40 no. 5
Type: Research Article
ISSN: 1463-578X

Keywords

Book part
Publication date: 16 December 2003

Terry Nichols Clark

Several theories of the new politics and new economy suggest that amenities drive urban development. Do they? Two new amenity measures affect population growth differently…

Abstract

Several theories of the new politics and new economy suggest that amenities drive urban development. Do they? Two new amenity measures affect population growth differently. Natural amenities include six components like moderate temperature and water while constructed amenities include opera, juice bars, museums, and Starbucks.

Do people move toward such amenities? Yes the total population does, controlling up to 20 variables in multiple regressions for 3,111 U.S. counties. But subpopulations differ. College graduates are more numerous where there are fewer natural but more constructed amenities. The elderly are the opposite: they increase more with natural amenities, but less with constructed amenities. Residents filing high tech patents live in locations with more of both natural and constructed amenities.

Details

The City as an Entertainment Machine
Type: Book
ISBN: 978-0-76231-060-9

1 – 10 of over 2000