This is a study on the success factors and its importance in the development of mixed-use real estate, such as multiple or diversified real estate. The purpose of this study is to offer useful information to the real estate professionals, engages in t...
This is a study on the success factors and its importance in the development of mixed-use real estate, such as multiple or diversified real estate. The purpose of this study is to offer useful information to the real estate professionals, engages in the management of real estate development companies, construction companies, financial institutions and distribution companies.
In the first and second chapter, I investigate eight major success factors: the timing of development, location, concept, finance, construction company bidding and construction, distribution and leasing, design and supervision, and environment.
In the next chapter I surveyed how much each success factor are important in the real estate development. It proved that there were no correlations between the results of the respondents and the respondent's personal traits like occupation, position or age.
The overall crossing analysis shows that the location (61.2%), the timing of development (19.1%), distribution and leasing (12.8%) and financial problem (3.2%) is important in the order. In case of multiple analysis, the result shows the same order, only with different percentage, as location (30.1%), the timing of development (22.3%), distribution and leasing (20.6%) and financial problem (11%).
The case studies in chapter 4 implies that if the business get many 'high' grades in the success factors, or has more 'excellent' grades, the real estate development business is pretty successful. However, as seen in case C, D and E, if the business has only one 'worst' grade, the business is in poor situation. Thus, if a real estate development business has to succeed, it should have no single 'worst' grade factors in the preliminary investigation or planning stage.