ISSN:
1573-045X
Keywords:
apartments
;
apartment submarkets
;
disaggregation
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract Recent market segmentation research has begun to delve into the issue of whether traditional property-type categories are sufficiently homogeneous to be modeled as aggregate real estate markets. This article extends the research on rental-property market segmentation by investigating the existence of apartment submarkets determined by unit type. The study finds that one-bedroom, one-bath units; two-bedroom, one-bath units; and two-bedroom, two-bath units function as distinct submarkets differentiated by property features, neighborhood location, and temporal changes in market rent.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1007884628153
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