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Options for quantitative assessment of types of commercial real estate leases

Open Access
|Mar 2016

Abstract

Facing increasing business volumes and internationalisation, office lease issue is becoming increasingly relevant to business enterprises. They become an integral part of the business which determines the outcome of commercial activities. Current assessment methodologies for types of office leases are flawed because they lack comprehensiveness and they are not linked to the objective of a lease, that is improvement of business deliverables. The methods for quantitative assessment of lease types are flawed. The objective of this article is developing a hierarchical system of indicators in connection with commercial real estate (office) leases adapted for quantitative assessment using multi-criteria methods. As a result of the research, it has been obtained that such system contains three categories: economic, premises and environmental. 12 indicators fall into the first one, 24 - into the second and 16 - into the third one.

DOI: https://doi.org/10.1515/emj-2016-0006 | Journal eISSN: 2543-912X | Journal ISSN: 2543-6597
Language: English
Page range: 55 - 61
Submitted on: Jan 22, 2016
Accepted on: Feb 29, 2016
Published on: Mar 26, 2016
Published by: Bialystok University of Technology
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2016 Tomas Ginevičius, published by Bialystok University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.