On the relationship between commercial property price and its selling time Article

Johnson, KH, Wiley, JA, Wu, Z. (2007). On the relationship between commercial property price and its selling time . 13(4), 379-388.

cited authors

  • Johnson, KH; Wiley, JA; Wu, Z

authors

abstract

  • This study documents the relationship between commercial property price and its marketing time. Findings indicate that extended marketing times induce lower transaction prices and that higher priced properties sell in relatively shorter marketing spans. These results are suggestive of a "shopworn" pricing effect and the existence of liquidity premiums in varying pricing segments of the market. Additionally, these results provide guidance to portfolio managers in the acquisition and disposition of commercial properties.

publication date

  • October 1, 2007

start page

  • 379

end page

  • 388

volume

  • 13

issue

  • 4