0 CHECKOUT

Towers of Capital. Office Markets & International Financial Services. Real Estate Issues

  • ID: 2178646
  • June 2009
  • Region: Global
  • 344 Pages
  • John Wiley and Sons Ltd
1 of 4

By merging research aimed at understanding the operation of real estate markets and property finance and investment with a broader urban social science perspective, this book will attract interest from both real estate and urban programmes. It will have an international flavour and a strong policy component.

The book starts with an examination of the development of a global system of cities, the urban hierarchy and the development of international financial cities and the global financial system. The role of technology (particularly relating to information exchange and digital capital flows) is considered: what does this do to spatial patterns and the need for cities ? It draws on the global cities literature – but in a critical way – and on the regional and urban literature of the new economic geography. This creates the arena for the office markets under consideration and establishes the principal sources of demand for space.

The second part of the book turns to consideration of the mechanics of the office market keeping the focus on prime (class A) office space found in the IFCs. The boundaries between the chapters is somewhat fuzzy (because READ MORE >

Note: Product cover images may vary from those shown
2 of 4

About the Author

Acknowledgements

Introduction

PART I SYSTEMS OF CITIES AND CITIES OF FINANCE

Introduction

1 The Urban Hierarchy and Global Cities

1.1 Introduction

1.2 Cities and the urban hierarchy

1.3 World cities, global cities

1.4 Cities, space and finance

2 International Financial Centres and Global Cities

2.1 Introduction

2.2 Concentration in financial centres

2.3 Information technology and cities

2.4 Agglomeration and concentration

2.5 IFCs, concentration and office markets

3 A Sense of History: Development and Inertia in the International Financial Hierarchy

3.1 Introduction

3.2 A sense of history

3.3 The age of catastrophe

3.4 Asian and Middle Eastern markets

3.5 Lessons of history: a tentative conclusion

PART II INSIDE THE OFFICE MARKET

Introduction

4 Occupational Demand, Office Space and Rents

4.1 Introduction

4.2 Land value, land rent and financial services

4.3 Rent models and rental adjustment

4.4 Empirical evidence of rental adjustment processes in major office markets

4.5 Changing business practices and the demand for office space

4.6 Employment, volatility and the use of space

5 The Supply of Space

5.1 Developers, development cycles and research

5.2 Development, building costs and property value

5.3 Economic models and developer behaviour

5.4 Real options and developer strategies

6 Investment, Capital Flows and the Office Market

6.1 Introduction

6.2 Real estate in the portfolio

6.3 Investment patterns and investor behaviour

6.4 Real estate vehicles and the portfolio

6.5 International real estate investment

6.6 Real estate capital flows

6.7 Investment, capital flows and IFC office markets

PART III INTERNATIONAL FINANCE, GLOBAL OFFICE MARKETS AND SYSTEMIC RISK Introduction

7 Booms, Bubbles, Crises and Contagion

7.1 Introduction

7.2 Financial markets, co–movement and crises

7.3 Booms and bubbles

7.4 Real estate in booms and bubbles

7.5 Bubbles, crashes and IFC office markets

8 Globalisation, Ownership and Innovation in Real Estate Markets

8.1 Introduction: innovation in real estate investment and ownership

8.2 Innovation in property investment vehicles

8.3 Global real estate investment

8.4 Ownership patterns

8.5 Conclusions: innovation, ownership and real estate risk in IFCs

9 All Fall Down: Global Financial Centres, Real Estate and Risk

9.1 Introduction

9.2 Retracing the threads

9.3 Market integration, globalisation and systemic risk

9.4 Some preliminary evidence

9.5 Global financial centres and office market risk: some policy implications

Epilogue

Bibliography

Index

Note: Product cover images may vary from those shown
3 of 4

The book, with its solid theoretical underpinnings and far–reaching analysis, has the potential to open the way to more empirical work on the impact of globalisation on real estate markets. As expressed by the author in the conclusion, it seems likely that Towers of Capital will form a framework, and set the standard, for globalisation studies in real estate for the years to come.   (Urban Studies, 16 April 2012)

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: The book will be shipped to you. The cover has a hard back.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS from Db

Our Clients

  • AWG Property Ltd.
  • Douglas Elliman Real Estate Inc.
  • PWC
  • Health Care REIT Inc.
  •  El-Mansur Atelier Group
  • 3M Company