A Companion to Urban Economics - Arnott and McMillen - Chapter 13
A Companion to Urban Economics - Arnott and McMillen - Chapter 13
C H A P T E R T H I R T E E N Commercial Real Estate 13.1 INTRODUCTION Imagine a city with nothing but houses, public institutions, and parks. It might be serene, but what a dull place it would be – not really a city at all. Commercial real estate is what gives a city much of its life and character.