Real Options and Urban Land Values: A Review of the Literature
18 Pages Posted: 28 Feb 2013 Last revised: 25 Jan 2016
Date Written: February 26, 2013
This critical analysis contributes to a better understanding of urban land values by unifying the real option and redevelopment decision literatures within a broader context of real estate valuation. By combining these heretofore disparate literatures in this way, both academics and practioners should find the analysis relevant to their own real estate studies or investment decisions.
Keywords: Real options, redevelopment, teardown, renovation, gentrification
JEL Classification: R14, R20, R52, G13, R31, D12
Suggested Citation: Suggested Citation