ED:
What is the difference between a Real Estate Space Market and the Real Estate Asset Market?
Real estate space markets is the transaction for the use of a property. This could mean renting any type of "space" from a room, warehouse, roof, or parking lot. An owner rents the space to the tenant for a fee. The lease could be one hour for a parking space or ten years for an office building.
The office space market is often divided into four subcategories (Allen 268). Class A, B, C, and D. The retail space market is divided into five subcategories: freestanding retail, neighborhood center, community center, regional center, and super-regional center. In addition, there is the industrial space market, agricultural space market, lodging space market, and residential space market.
The real estate market differs from the real estate space market because instead of space, it reflects cash-flow right to real estate. This means the claim to future cash flow. It is part of the broader capital market. Real estate asset market prices are determined by opportunity cost of capital, growth expectation, and risk.
When choosing an area in which to live, what should you consider?
This question depends entirely on the individual. First, when considering where to live I would think of the major factors such as safety, proximity to work, school, and services. I would consider resale value, quality of construction, the neighborhood, and even minor factors that might seem trivial but could be significant. Ultimately, I would need to be safe and happy.
RYAN:
Real Estate Space markets are the negotiation between the tenants and the landlord in reference to the use of space. Space markets also determine the rights to the property and how that particular property can be used. Residential or Commercial are the two categories that most space markets fall under. Some sub-categories are industrial space, agricultural space, office space, retail space, lodging space, and residential space. The demand of space can be set forth by renters, sellers, and buyers. The easiest way to identify a space market is to see what the land can be used for?
A Real Estate Asset Market deals with the cash flow of a property. An asset market is divided into three categories to include; growth expectations, risk, and oppturnity cost of capital. The exact definition of a real estate asset market is the transaction between developers and investors or between investors regarding ownership of real estate and the rights to the rental income. In the simplest term it means who has the cash flow rights of a property. These money trends can increase or decrease mostly based on how well or poor the economy is doing.
The difference between real estate space markets and asset space is that space markets are for leases and asset markets are for buying and selling. This is the simplest way to show the difference in these two real estate market types.
A great deal of time should be spent when purchasing a home. Multiple different factors can result in your time in your home being pleasurable or great nuance.
Some factors to look for when settling down with a family are crime rates, school ratings, access to recreational municipals, and payments. With a family there is a great deal more to analyze then if you are single and just want to get away from your parents. Most singles look for areas of high traffic next to night life and easy access of public transportation. All of these factors can help make your choice of where to live a great success!
CLAIRE:
Market is defined to be an arrangement by which market participants trade goods and services between each other. Real estate market divided into two markets, which are the real estate space market and real estate asset market. Real estate space market involves transactions between landlords and tenants in regards to rent exchange for the space. Real estate asset market involves transactions between developers and investors in regards to real estate ownership and rental income rights.
Real estate space market is categorized by property usage and geographic boundaries. It's segments include residential, industrial, retail, office, agricultural, and lodging. All these segments have their own subcategories. Office space market has Class A, Class B, Class C and Class D. Retail space market has freestanding retail, neighborhood center, community center, regional center, and super regional center categories. Industrial space market has warehouse, manufacturing/production and material processing categories.
Agricultural has annual crop land, perennial crop land, livestock facility and grazing land categories. Lodging space market has highway motel, business hotel, luxury hotel, resort hotel, extended hotel or motel categories. Residential space market has single family attached, single family detached, manufactured houses and multifamily apartment categories.
Choosing the perfect place to live involves many variables to be considered. Every person or family has their needs and they make decisions based on their needs. But overall to make a decision and to choose the perfect place one has many things to consider. One should consider about affordability, taxes, opportunities of employment, real estate value, statistics and rates of crime, proximity to families and friends, climate, system of education, culture, commuting, food options, the size and development stage of the city or town, healthcare facilities, proximity to airport if on travels a lot and more ( Quilty).
Reference:
Quilty, David."Where should I live?". Money Crashers.