Operating Efficiencies in Real Estate: A Critical Review of the Literature

Posted: 9 Mar 2000

See all articles by Randy I. Anderson

Randy I. Anderson

City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance

Danielle Lewis

Southeastern Louisiana University - College of Business Administration

Thomas M. Springer

Florida Atlantic University - Department of Finance & Real Estate

Abstract

Both the real estate brokerage and the real estate investment trusts (REIT) industries have experienced dramatic structural and institutional changes in the last few years. These changes have brought the issue of operating efficiencies to the forefront. In this article, we summarize and critically review the operating efficiency literature for the real estate industry. In particular, we focus on X-efficiency, economies of scale and economies of scope for the real estate brokerage services market and for REITs. In addition, we attempt to identify future research paths that may extend and improve the current literature on real estate managerial efficiencies.

JEL Classification: L85

Suggested Citation

Anderson, Randy I. and Lewis, Danielle and Springer, Thomas M., Operating Efficiencies in Real Estate: A Critical Review of the Literature. Available at SSRN: https://ssrn.com/abstract=186335

Randy I. Anderson (Contact Author)

City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance ( email )

17 Lexington Avenue
New York, NY 10010
United States
646-312-3473 (Phone)
646-312-3451 (Fax)

HOME PAGE: http://zicklin.baruch.cuny.edu/faculty/profiles/anderson.html

Danielle Lewis

Southeastern Louisiana University - College of Business Administration ( email )

Dept. of General Business
Hammond, LA 70402
United States
504-549-2086 (Phone)

Thomas M. Springer

Florida Atlantic University - Department of Finance & Real Estate ( email )

5353 Parkside Drive
Jupiter, FL 33458
United States
561-297-2914 (Phone)
561-297-3686 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,524
PlumX Metrics