EMPIRICAL ANALYSIS OF TRANSITION OF STORE PLACEMENT AND FLUCTUATION OF LAND PRICES ACCORDING TO STREET SPACE: Through the analysis of changes due to internal and external factors in Azabu Juban shopping street

街路空間整備による店舗配置の推移と地価の変動効果に関する実証分析

This study, as a study of the Azabu-Juban shopping street, which was carried out street space development by business for the purpose of street space development, obtain basic knowledges by analysis of spatial transition of store placement and of fluctuation of land prices of the time series. In Chapters 2-5, the authors organize previous studies, carried out the positioning of this study.  In Chapter 6, the authors show that there is an increasing trend from year to food store has performed a street space development in the study area on the basis of the commercial statistical survey data. In addition, the authors plotted food stores of each time series on a map, and the authors reveal that food stores integrate in the area were carried out street space development. In Chapter 7, by using rate of change of land assessments that eliminates the macro-economic change (the rate of change in the following post CI), the authors analyze time-series changes due to "street space development", "subway opened" , "around large-scale development". As a result, fluctuation rate after CI of this study area has been transformed into the area to rise than the Tokyo metropolitan area rate of change, because it shows the trend of upward than the Tokyo metropolitan area average commercial land price rate of change after the street space development. Further, although even average variation rate shows increasing direction, the variation rate after CI indicates that varies greatly increasing direction than the average variation rate after each business. Because variations in the average variation rate is the time to show a substantially linear increase, the difference in the magnitude of this variation can be considered a variation caused by the contents of each business. If compared, including up to the rate of increase, fluctuation rate after CI by street space development is the largest. In addition, as the premise of this rate of change, the influence of "street space development" is considered even larger , because the premise of this rate of change included influence of street space development, and influence of the development of transport infrastructure by the subway. Generally land assessments improved by the development of transportation infrastructure. From this study, the large effect remains temporary variations. Then the degree of decline shows the results that the rate of increase remain at the level of the average variation rate. In Chapters 7-2, Along with the street space development, in a time series the authors showed the ratio of the number 12 and the other route value , In order to confirm the changes of structure of land assessments in the study area from 1984 to 2014. As a result, the street space development, give the changes of structure of land assessments of the region. Furthermore, the street space development shows result of increase of land assessments and maintenance of the status quo of land assessments.  In Chapters 7-3, by multiple regression analysis due to the cross section data for each age, the authors analyze whether or not to contribute to land assessments by the street space development. The results, Contribution to land assessments by street space development is smaller than the item of real estate. However, over the each age, but contribution to the land assessments by street space development is small, has revealed that the explanatory power there.

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  • Accession Number: 01616746
  • Record Type: Publication
  • Source Agency: Japan Science and Technology Agency (JST)
  • Files: TRIS, JSTAGE
  • Created Date: Nov 21 2016 1:24PM