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The Shopping Center Chronicles – Agency Theory

Application of agency theory to shopping centers is a matter of extending earlier works of what was called "common agency" to the shopping center scenario.With common agency, tenants with inter-dependent interests coordinate behaviors through…
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The Shopping Center Chronicles – Space Allocation

Like the other rent factors detailed in our previous installment of the Shopping Mall Chronicles, space allocation also plays a significant role in the rent tenants play. In 1993, J.K. Brueckner provided a comprehensive theoretical analysis…
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The Shopping Center Chronicles – Rent Factors of the Past & Present

The Shopping Center Chronicles – Rent Factors of the Past & Present Over the years, some of the factors impacting rents at shopping centers have varied almost as much as the stores that occupy the spaces. Other variables have transcended…
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The Shopping Center Chronicles – An Introduction

Those in their fifties or older probably remember going downtown to shop, not just for big ticket items, but for everyday items people now get at big-box stores. Suburban shopping malls simply didn’t exist. During the 1950s and early…
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When Your Business Needs To Relocate

If the lease on your place of business is due to expire, now is a very good time to start addressing your company’s needs.  As Orlando commercial real estate appraisers, much too often we see businesses that do not conduct the necessary…
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Choosing the Right Commercial Appraiser

Real estate matters in general can get very complicated if you don’t have experience in the industry. Getting the right commercial real estate appraisal can be a downright mess if you don’t take the correct measures to ensure you bring…
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3 Major Myths about Commercial Real Estate Appraisals

Commercial real estate appraisals are seen quite differently depending on whose eyes they are seen through. Lenders consider it their basis for the whole process just after the borrower's ability to pay, while borrowers see it as a necessary…
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The Declining Use of the Cost Approach for Commercial Real Estate Appraisals

In the past twenty years the use of the cost approach for appraising commercial real estate has taken a drastic downturn. The principle of substitution is the basis for using the cost approach. The cost approach valuation is derived by adding…
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From Analytics to Zoning – 3 Tips to Help You Understand Commercial Real Estate

Obtaining a commercial real estate appraisal requires gathering data to gauge the current value of the property. Not just anyone can make an appraisal of the property and in fact, most areas across the globe require that the person doing the…
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The Cost of Clutter In Commercial Real Estate Appraisals

Orlando commercial real estate appraisers know their role is to accurately estimate the value of the buildings they are hired to appraise. They look at the building, the market surrounding it, and similar buildings. While an appraisal weighs…
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Establishing and Reporting A Value within the Sales Comparison Approach

The principal objective of this article is to help the reader of a commercial real estate appraisal to determine whether or not the sales used and analyzed are applicable to the property being appraised, with adequate documentation to assist…
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Low Property Values Not Appraisers’ Fault

Orlando commercial real estate appraisers have a challenging job. We have to go through commercial properties and give our honest opinions of what the property is worth in today's market. Unfortunately, given the ongoing challenges in many…

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