Demography of business outlets in the city of Cordoba (Spain) and determinants of their assessment.

Abstract

There are few empirical studies concerning business outlets, in spite of their relevance in a city’s structure and setup. This real estate market is quite different from residential real estate markets. This paper discusses business outlet markets in the city of Córdoba (Spain), including an overview of the cities’ facilities, in order to determine the price of the business outlets. An econometric model has been developed –using the Hedonic Price Methodology– which has helped estimate the marginal price of each of the features that explain the total price, quantifying such influence so as to value its relative importance on such price.