European Metropolitan Commercial Real Estate Markets
Metropolitan commercial real estate markets are highly influenced by global forces, the regional economy, and institutional behaviour. While descriptions of regional commercial real estate markets are well known and widespread in academic literature,
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Ed F. Nozeman Arno J. Van der Vlist Editors
European Metropolitan Commercial Real Estate Markets
Advances in Spatial Science Editorial Board Manfred M. Fischer Hans Westlund Folke Snickars (Coordinating Editor) Jean-Claude Thill Jouke van Dijk
For further volumes: http://www.springer.com/series/3302
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Ed F. Nozeman • Arno J. Van der Vlist Editors
European Metropolitan Commercial Real Estate Markets
Editors Ed F. Nozeman Arno J. Van der Vlist University of Groningen Faculty of Spatial Sciences Groningen The Netherlands
ISSN 1430-9602 ISBN 978-3-642-37851-5 ISBN 978-3-642-37852-2 (eBook) DOI 10.1007/978-3-642-37852-2 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2014940752 © Springer-Verlag Berlin Heidelberg 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Contents
1
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ed F. Nozeman and Arno J. Van der Vlist
2
Institutional Differences in European Metropolitan Commercial Real Estate Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ed F. Nozeman and Arno J. Van der Vlist
9
Financial Markets in London Metropolitan Commercial Real Estate . . . . . . . . . . . . . . .
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