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Article
Publication date: 16 April 2018

Theophilus Olugbenga Babatunde and Cyril Ayodele Ajayi

The purpose of this paper is to evaluate the effect of information and communication technology (ICT) on real estate agency transactions with a view to determine its influence on…

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Abstract

Purpose

The purpose of this paper is to evaluate the effect of information and communication technology (ICT) on real estate agency transactions with a view to determine its influence on the performance of estate agents.

Design/methodology/approach

A research approach in which questionnaire was administered to elicit relevant information from 220 practicing Estate Surveyors and Valuers surveyed in the course of the study. Data collected were analysed using mean ranking, relative influence index and analysis of variance.

Findings

The results showed that the use of ICT impacted positively on real estate agency transactions by promoting company’s brand thereby increasing the level of patronage. Consequently, the increased level of patronage signifies an increase in the level of income of the agents.

Research limitations/implications

The study was limited to social media applications otherwise referred to as ICT, which are used in real estate agency transactions. Further study on other ICT media and their effects on more areas of real estate practice in the developing economy may be required.

Originality/value

This paper is one of the few works on the impact of ICT on real estate agency transactions with particular reference to the social media networking especially in an emerging economy. Most of the previous studies conducted on ICT and real estate focussed only on internet use with respect to real estate agents and practices.

Details

Property Management, vol. 36 no. 2
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 25 October 2021

Timothy Oluwafemi Ayodele, Oyeronke Toyin Ogunbayo, Kahilu Kajimo-Shakantu and Theophilus Babatunde

Coworking spaces are recent developments in commercial property investment portfolio in Nigeria. Given the user-centered nature of coworking space practices, the purpose of this…

Abstract

Purpose

Coworking spaces are recent developments in commercial property investment portfolio in Nigeria. Given the user-centered nature of coworking space practices, the purpose of this paper is to examine the factors influencing users’ preference for coworking, and the challenges associated with the use of coworking spaces in the emerging Nigeria property market.

Design/methodology/approach

This study used a quantitative research approach. This study sampled nine (9) traditional coworking spaces in Ibadan property market, from which 15 coworking space users were randomly selected in each of the coworking hubs. From a total of 135 respondents, only 45 (33.33%) questionnaires were retrieved and found suitable for analysis. The data collected were analyzed using descriptive and inferential statistics.

Findings

The results showed that economic and social motivators were significant drivers influencing coworkers’ decision to cowork. Personal factors were the least rated. Also, top-rated features/facilities that users prefer in the workstations include a neat environment and conveniences, uninterrupted power supply, serenity of the neighborhood and ease of signing up. The findings also showed that the challenges being faced by the users were predominantly about disturbance/noise from guests and/or other users, lack of privacy, poor internet connectivity, power failure and inability to personalize workspace (in decreasing order).

Practical implications

This study has implications for investors and users of coworking spaces in comparable developing markets. Also, the study will influence strategies and decisions of private firms/companies, as it relates to the work pattern of their employees.

Originality/value

This paper is relevant given the emergent behavioral changes, necessitated by the changing work practices. This compels the need for a reevaluation of the preferences and challenges associated with coworking spaces, especially as it relates to the users of flexible office spaces in emerging economies.

Details

Journal of Corporate Real Estate , vol. 24 no. 4
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 14 June 2021

Timothy Oluwafemi Ayodele, Kahilu Kajimo-Shakantu, Job Taiwo Gbadegesin, Theophilus Olugbenga Babatunde and Cyril Ayodele Ajayi

Coworking space had been a trajectory in the commercial space operation and management globally. Commercial coworking/tenancy space is confronted with an unexpected shift. This…

Abstract

Purpose

Coworking space had been a trajectory in the commercial space operation and management globally. Commercial coworking/tenancy space is confronted with an unexpected shift. This paper aims to examine the peculiarity and investment characteristics of flexible office space and the post-COVID implications on coworking office space practice and investment. This is with a view toward providing investors with an understanding of the dynamics underpinning flexible office space investment in the Nigerian emerging property market.

Design/methodology/approach

This study adopted a qualitative research approach. Open-ended interview questions were used to solicit information from nine coworking space operators in the urban property market of Ibadan, Nigeria. The structured interview data were analyzed using Atlas.ti – a computer-aided qualitative data analysis software.

Findings

The findings show that the factors influencing demand for flexible office space in the study area include flexibility, affordability, cost-effectiveness, entrepreneurship motivations and opportunity for risk sharing. The results also revealed that coworkers are predominantly mobile individuals who require a workstation away from their homes or a traditional office setup. Management challenges include deficient infrastructure, low level of awareness, stealing and high cost of operations. The impact of COVID-19 includes a drop in patronage, rent refunds, changes in working pattern and job loss, restriction to online and remote operation, the extra cost of putting prevention measures in place, changes in tenancy contract and drops in return on investment.

Practical implications

This study has implications for investors in commercial space occupation and leases in comparable developing economies.

Originality/value

The novelty of this paper lies in its relevance with the emergent behavioral changes, orchestrated from the novel COVID-19, which compels reevaluation of workplace practices and investment for economic improvement, especially as it relates to commercial real estate investment.

Details

Journal of Facilities Management , vol. 20 no. 1
Type: Research Article
ISSN: 1472-5967

Keywords

Article
Publication date: 2 February 2015

JOB TAIWO GBADEGESIN and Theophilus Olugbenga Babatunde

This paper aims to empirically investigate the factors and the level of influence on facilities management practice and analyze the relationship among the factors. It also…

Abstract

Purpose

This paper aims to empirically investigate the factors and the level of influence on facilities management practice and analyze the relationship among the factors. It also examines the level of effectiveness of outsourcing decision. Recent research effort on outsourcing identified some factors that influence outsourcing decision-making.

Design/methodology/approach

Copies of instrument titled “Questionnaire on Outsourcing Decision” designed through a review of outsourcing literature, pilot-tested on the professionals, with valid reliability test results, were used to collect data. Collected data were analyzed using percentage, t-test, Pearson correlation and chi-square.

Findings

Majority of the respondents reported that outsourcing is an effective decision. Except for functional characteristics, all other factors (strategic, management, technical, economical and quality) are significantly different from the group mean values. While there is a positive and significant relationship among the influencing factors, there is no significant relationship between the years of experience and the perception on the effectiveness of outsourcing decision.

Research limitations/implications

This study is limited to five selected tertiary institutions. The justification for their selection is attributed to their relative adequate infrastructural facilities, the existing practice of outsourcing and the size of the institutions. The further frontier of knowledge can be extended from here.

Practical implications

The findings exposed the policymakers and stakeholders in the public universities to the major factors that affect the effectiveness of outsourcing and the direction for future practical research in the area of facilities management within the tertiary institutions of learning.

Originality/value

The thrust of this paper provides check and balance in the adoption of outsourcing approach with tested instrument that ranks the influencing factors in facilities management practice in a developing economy within educational institutions.

Details

Journal of Facilities Management, vol. 13 no. 1
Type: Research Article
ISSN: 1472-5967

Keywords

Content available
Article
Publication date: 16 April 2018

Clive M.J. Warren

594

Abstract

Details

Property Management, vol. 36 no. 2
Type: Research Article
ISSN: 0263-7472

Article
Publication date: 11 January 2016

Simplice A. Asongu and Jacinta C. Nwachukwu

Education as a weapon in the fight against conflict and violence remains widely debated in policy and academic circles. Against the background of growing political instability in…

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Abstract

Purpose

Education as a weapon in the fight against conflict and violence remains widely debated in policy and academic circles. Against the background of growing political instability in Africa and the central role of the knowledge economy in twenty-first century development, this paper provides three contributions to existing literature. The purpose of this paper is to assess how political stability/non-violence is linked to the incremental, synergy and lifelong learning effects of education.

Design/methodology/approach

The authors define lifelong learning as the combined knowledge acquired during primary, secondary and tertiary education. Principal component analysis is used to reduce the dimensions of educational and political indicators. An endogeneity robust dynamic system Generalized Methods of Moments is used for the estimations.

Findings

The authors establish three main findings. First, education is a useful weapon in the fight against political instability. Second, there is an incremental effect of education in the transition from secondary to tertiary schools. Third, lifelong learning also has positive and synergy effects. This means that the impact of lifelong learning is higher than the combined independent effects of various educational levels. The empirical evidence is based on 53 African countries for the period 1996-2010.

Practical implications

A plethora of policy implications are discussed, inter alia: how the drive towards increasing the knowledge economy through lifelong learning can be an effective tool in the fight against violence and political insurgency in Africa.

Originality/value

As the continent is nursing knowledge economy ambitions, the paper is original in investigating the determinants of political stability/non-violence from three dimensions of education attainment: the incremental, the lifelong learning and a synergy effect.

Details

Journal of Economic Studies, vol. 43 no. 1
Type: Research Article
ISSN: 0144-3585

Keywords

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