METHODS OF MASS APPRAISAL OF COMMERCIAL REAL ESTATE RENTAL RATES IN THE NARROW MARKETS
Abstract
The narrow markets in small settlements where the commercial real estate supply is scarce cannot be analyzed statistically. The problem becomes extremely complex when the research should take into consideration a wide range of Russian settlements. Moreover, there is a mismatch between the expected labor costs for data collecting and processing and achieved results.
In this context, the task of developing a methodology for determining the rental rates for commercial real estate in the narrow markets in conditions of zero or minimum supply is highly relevant. The article shows that the main problem is to find correlation between economically reasonable and statistically proven average rental rates and a straightforward factor which can be easily determined.
About the Authors
G. M. Sternik
the Plekhanov Economic University, Moscow
Russian Federation
PhD (Engeneering), Professor of the Project and Program Management Chair
Russian Federation
PhD (Engeneering), Professor of the Project and Program Management Chair
S. G. Sternik
Financial University, Moscow
Russian Federation
ScD (Economics), Professor, of the Property Evaluation and Management Chair
Russian Federation
ScD (Economics), Professor, of the Property Evaluation and Management Chair
Review
For citations:
Sternik G.M., Sternik S.G. METHODS OF MASS APPRAISAL OF COMMERCIAL REAL ESTATE RENTAL RATES IN THE NARROW MARKETS. Finance: Theory and Practice. 2015;(5):73-79. (In Russ.)
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