With the advent of the fourth industrial revolution in recent years, people's interest in high value-added projects such as the knowledge industry and high-tech industries is increasing. Real estate, which is the basis factor for these industries, als...
With the advent of the fourth industrial revolution in recent years, people's interest in high value-added projects such as the knowledge industry and high-tech industries is increasing. Real estate, which is the basis factor for these industries, also has a close influence on the ever-changing social, economic and policy environment. The Knowledge Industry Center is a representative product of industrial real estate chosen by people related to the fourth industry based on information and knowledge, which is currently attracting attention as a new growth engine of the country.
This study analyzed the factors that determine the selling price of the Knowledge Industry Center in Gyeonggi-do and Incheon Metropolitan City. The data used in the analysis utilized the actual transaction price of the Knowledge Industry Center, which was sold from 2006 to 2020, when the actual transaction price of the Knowledge Industry Center began to be recorded.
In this study, the price determinants of the Knowledge Industry Center located in Gyeonggi-do and Incheon Metropolitan City were reviewed, not the Knowledge Industry Center in Seoul. Gyeonggi-do Province and Incheon Metropolitan City judged that there would be a difference in location from Seoul Metropolitan Government, and will provide useful information and implications to those involved in moving into the Knowledge Industry Center for self-sufficient functions of the third new city, which will be distributed around Gyeonggi-do and Incheon Metropolitan City in the future.
According to the analysis, the influence of independent variables on the dependent variables had a positive effect on the location, average income, exclusive area, and total floor area in Gyeonggi-do. It was also found to have a negative impact on distance from subway stations, the number of locations, the building-to-land ratio, support facilities and the aging population. The independent variable, which differs from the preceding study, had an average income with Incheon Metropolitan City, and the higher the building-to-land ratio, the more negative the selling price.
The limitations of this study did not reflect the rent and tenant characteristics that affect the selling price. If research is carried out that complements the limitations of this study, it could be used as an important judgment material for the sale of knowledge industry centers in Gyeonggi Province and Incheon Metropolitan City.