Document Type
Article
Publication Date
1997
Source Publication
Journal of Real Estate Research
Abstract
Gross Leasable Area (GLA) per capita is a commonly used measure to compare the retail market potential across different retail real estate markets. This study uses GLA per capita to assess the supply of the retail space across fifty-eight metropolitan areas in the United States. After a detailed descriptive analysis of the supply of retail space, we estimate GLA per capita for each metropolitan area using a modified version of the stock adjustment model. Initial findings indicate that the retail construction boom of the 1980s was not a boom at all and that GLA per capita can be predicted using a multi-factor model.
Comments
Originally published in Journal of Real Estate Research, Volume 14, No. 3 (1997).
This version of the journal article is identical to the published version.
Mark Eppli was affiliated with George Washington University at the time of publication.