Space Syntax의 위상학적 정보를 활용한 집합건물 상가점포 실거래가 결정요인 분석

초록

Retail location has been recognized as the prime determinant of property value. Despite of numerous studies on the relationship between location and property value, there are few empirical studies that explain the relationship individual store location in shopping complexes and its effect on transaction price. This study analyzed transaction price determinants of individual stores in shopping complexes by the hedonic regression model. Especially, topological information derived from Space Syntax is applied to the empirical model as the independent variable. The results of empirical analysis show that individual store location is a prime determinant of transaction price, and there are substantial variations of individual stores transaction price in shopping complexes. Furthermore, the hedonic regression models with accessibility as independent variable have good explanatory power about transaction price determinants of individual stores. Finally, the results from this study give us help in understanding of individual stores transaction price determinants in shopping complexes, and can be applied to valuation of income-producing properties.

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