The economic downturn globally has ended up putting a freeze to the real estate development, the world over; therefore it is unlikely to say that demand and supply is the reason affecting the commercial real estate development and regeneration in any part of the world and…
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"Is supply and demand the only major factor influencing commercial real estate development, and regeneration in the Central London area"
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The current trend as indicated in the recently published, Estate Gazette Feb 2009 states the impact of the economic downturn which has resulted in very low pent up demand as not many can afford to do so and who did have already traded .
Location, layout, storey of building, area, height, storage space, interior decoration and construction framework, possibility to sub lease, inter changeability of formats, ownership distribution, availability of utilities, central air conditioning, and the level of management fee. Each of these factors will be elaborated in detail further, which will help in correctly inferring that supply and demand are not the sole factors affecting the value of commercial real estate and its development and regeneration.
Business Improvement Districts (BIDs) gained popularity because of rising crimes, emerging anti social behavior and the environmental problems. In London this evolved as a quite recent phenomenon where the formal drive occurred for the first time in April 2001. Earlier some private were operating already, but then the government announced its very first. Schemes like Town Centre Management had started in 1980s, which were a part of public private partnerships for the benefit of businesses and other stake holders. Since concept of Business Improvement Districts kicked off as a tool for financing the revamping of residential neighbor hoods. Later Government in the Environment Committee of the House of Commons took up a project termed as town improvement zones, this was a bold move for the regeneration of inner city areas. Then in December 2001, further favor in these kind of zones was given Labour Government’s white paper Strong Leadership Quality Public Services and this was in reality the first step towards urban regeneration policy.
In 2003 testing was started with some areas – towns ...
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At my place of work, a lot of materials are used especially stationery, computing equipment, construction materials and equipment. When a need has been identified by an individual, the individual is expected to raise the issue with the department with which he or she works.
One of the options that have increasingly being adopted is real estate based on the benefits it has offered in the past years. This change in market dynamics has moved individual investors to real estate investment along with institutional investors (IPF, 2007).
Since there are many factors influencing the commercial real estate, due to diverse range of uses and complicated location, thus, there is huge intricacy involved in valuing various commercial estates. When we talk about commercial real estate, it is referred to commercial retail including department stores, super markets, shopping malls, and hotels, offices, buildings, restaurants, etc.
Several contributing factors have been identified inclusive of rising geographical inequality. In the coming years it is suspected that external influence shall "life tough for struggling cities" (Wood, 2004), the contributing reasons include rising demand for highly qualified workers, lower skill levels of the regeneration towns, and the best educated evacuates London i.e. failure of retention schemes.
Graaskamp places his arguments on the basis of ‘that which might be’ rather than on ‘that which is’ (Graaskamp 499). He holds that the context of a real estate solution lies with or is represented by man and nature. He goes ahead to identify the elements of form
London is the capital city of the U.K. and England. At the same time, it is arguably the largest city in the European Union (Brueckner, 1990). The history of London dates back to more than two centuries, the city currently being among the most developed in the world. The city has witnessed massive growth over the years
In acquiring the land, appropriate steps shall be followed to make sure that the developments which shall be erected on the land will be a valuable asset to anybody who shall acquire it later.
In the area where the land is located the highest number of floors a building
It is also the most preferred area for establishing multinational media corporations (Carlyle, 2014). In addition, it hosts top notch Universities in the world. The borough is divided into three towns, lying in
7 Pages(1750 words)Coursework
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