Why is property located where it is, and how has this process changed in recent years? A number of factors, such as social change and technological development, have affected location and these are considered. Value, the way changing patterns of location are measured, is examined and there is a discussion of rent contours. The book considers location in the retail industry, looking at the theory, hierarchy, clustering and dispersal. The move to out of town sites, with its three waves of decentralisation, is described. Central place theory, dating from the 1930s, is discounted as being obsolete and misleading. Finally the book covers offices, industrial and residential property. Russell Schiller, PhD, spent nearly thirty years developing property research at CB Hillier Parker, becoming a partner and Head of Research. In 1984 he was made Honoury Professor of Land Economy at the University of Aberdeen. The book sets out the text in a simple and non-technical manner, embued with a strong practical sense, to provide a solid textbook for the Land Economy or Land Management undergraduate student and junior professional.
Table of Contents
Chapter 1. Introduction. Preface. Dynamics. Forces. Elements. Themes. Chapter 2. Location and Politics. Politics. The Retailer. The Planner. Riding the Hierarchy. The Search for Consensus. The Coming of the Third Wave. Chapter 3. The Importnace of Technology. The Impact of Technology. The Car and its Effect on Behaviour. The Car and the Environment. The Revolution in Distribution. Chapter 4. The Importance of Value. A World of Extremes. How Valuation Works. Residual Value. Patterns of Rent. Rent Mountains. The Move West. Areas of Growth. Pigs and Pythons. Yields and Investment. Chapter 5. A Little Theory. Forces in Conflict. Central Place Theory. Gravite Models. Retail Location Models. Chapter 6. Hierarchy. Hierarchy and Ranking. The Traditional Retail Hierarchy. A Retail Hierarchy for 2000. Typology of Shopping Centres. Chapter 7. The Desire to Cluster. Minimising the Search. The Ice Cream Man. Maximising the Benefit. Tenant Mix. Retail Economics and Shop Rents. Chapter 8. The Desire to Dispense. Minimising the Trip. The Effect of Branding. The Three Waves of Decentralisation. Retailing and Leisure. Chapter 9. Office Location. Ways of Work. Types of Office User. Why Pay More in Central London. The Seed Pod Model. The Skyscraper Puzzle. Rent Contours. Chapter 10. Industrial Location. Manufacturing Location. Warehouse Location. The Toyota Story. Science Parks and Hi-tech. Rent Contours. Chapter 11. People and Houses. Demographics. Density. Residential Location. Location Theory. Evidence. Chapter 12. Home Shopping and the Internet. Introduction. Home Shopping. The Advantages of the Internet. The Problems of Delivery. Clicks and Mortar.
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The Dynamics of Property Location
by Russell Schiller
