caa a22 4500 477129749 CHVBK 20180405111701.0 cr unu---uuuuu 170330e19971101xx s 000 0 eng 10.1023/A:1007716024002 doi (NATIONALLICENCE)springer-10.1023/A:1007716024002 Manufacturing versus Distribution: Implicit Pricing of Real Property Characteristics by Submarket [Elektronische Daten] [Roy Black, Marvin Wolverton, John Warden, Robert Pittman] This article develops and tests the idea that the industrial real estate market is an aggregate market consisting of at least two submarkets—manufacturing and distribution. While there is no observable difference in implicit pricing of most industrial property characteristics across these two submarkets, some property-characteristic implicit prices do differ. Therefore, manufacturing and distribution submarket property-pricing functions are best estimated in aggregate, while making allowances for variability of coefficients on some property characteristics. For this sample of 331 industrial property sales from the southeastern region of the United States, the two submarkets vary with regard to implicit pricing of building volume, below-average building condition, site area, and dock-high doors. Kluwer Academic Publishers, 1997 industrial property nationallicence industrial submarkets nationallicence industrial property characteristics nationallicence Black Roy Georgia State University, USA aut Wolverton Marvin Washington State University, USA aut Warden John The Walker Companies, USA aut Pittman Robert Lockwood Greene Consulting, USA aut The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 15/3(1997-11-01), 271-285 0895-5638 15:3<271 1997 15 11146 https://doi.org/10.1023/A:1007716024002 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1007716024002 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Black Roy Georgia State University, USA aut NATIONALLICENCE 700 1- Wolverton Marvin Washington State University, USA aut NATIONALLICENCE 700 1- Warden John The Walker Companies, USA aut NATIONALLICENCE 700 1- Pittman Robert Lockwood Greene Consulting, USA aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 15/3(1997-11-01), 271-285 0895-5638 15:3<271 1997 15 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer