ChapterPDF Available

Investing in Warehouse and Industrial Property

Authors:

Abstract

In Chap. 10, we complete our analysis of the primary investment property sector considerations with a discussion of industrial and warehouse property. These properties are generally classified as industrial property given that their function relates to manufacturing, production, or storage of industrial products. A relatively new subsection of industrial property is known as self-storage, or alternatively as mini-storage. As will be discussed later in this chapter, self-storage property has widened the scope of demand for storage space to include the general public.
2012, 2012, XIV, 298 p. 70 illus.
Printed book
Hardcover
79,95€ | £72.00 | $109.00
*85,55€(D) | 87,95€(A) | CHF106.50
eBook
Available from libraries offering
Springer’s eBook Collection, or
for individual purchase via online
bookstores.
A free preview is available on
SpringerLink.
springer.com/ebooks
MyCopy
Printed eBook exclusively
available to patrons whose
library offers Springer’s eBook
Collection.***
€ | $ 24.95
springer.com/mycopy
G.J. Goddard, Investment Real Estate, Winston-Salem, NC, USA; B. Marcum, Wake Forest
University, Winston-Salem, NC, USA
Real Estate Investment
A Value Based Approach
Combines practical relevance with mathematical rigor
Highly relevant and useful for both students, professionals and small
investors
Focuses on commercial properties
This book fills a gap in the existing resources available to students and professionals
requiring an academically rigorous, but practically orientated source of knowledge about
real estate finance. Written by a bank vice-president who for many years has practiced
as a commercial lender and who teaches real estate investment at university level, and
an academic whose area of study is finance and particularly valuation, this book will lead
readers to truly understand the fundamentals of making a sound real estate investment
decision. The focus is primarily on the valuation of leased properties such as apartment
buildings, office buildings, retail centers, and warehouse space, rather than on owner
occupied residential property..
Order online at springer.com or for the Americas call (toll free) 1-800-SPRINGER or email us at: orders-
ny@springer.com. For outside the Americas call +49 (0) 6221-345-4301 or email us at: orders-hd-individuals@springer.com.
The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with * include VAT for books; the €(D) includes 7% for
Germany, the €(A) includes 10% for Austria. Prices indicated with ** include VAT for electronic products; 19% for Germany, 20% for Austria. All prices
exclusive of carriage charges. Prices and other details are subject to change without notice. All errors and omissions excepted.
*** Regional restrictions apply.
ResearchGate has not been able to resolve any citations for this publication.
Book
Full-text available
he new and updated edition of this widely-used textbook is equally useful for undergraduate and graduate students of international business. Its student-friendly format, detailed coverage of classic and timely topics, and extensive use of case studies make it widely adaptable for different level courses, as well as for educators who prefer either a case study or lecture approach. This edition features new coverage of the Asian financial crisis and the European Union. Its treatment of such topics as foreign exchange, international trade policy, and economic development introduces students to techniques for analyzing national economies that are not covered in many competing texts. Ethical and environmental issues are also covered in detail, and all case studies, tables and figures have been thoroughly revised and updated. Each chapter includes a short case study, while longer, more complex case studies conclude the text. Each chapter also features learning objectives, discussion questions, and references, and online Instructor's Material with PowerPoint teaching slides are available to professors who adopt the text.
Article
Full-text available
Critics have muddled the public debate over offshore outsourcing by using the term interchangeably to refer to altogether different phenomena such as on-line purchase of services, direct foreign investment and, sometimes, all imports. We argue that clarity requires distinguishing among these various phenomena and define outsourcing explicitly as the services trade at arm's length that does not require geographical proximity of the buyer and the seller--the so-called Mode 1 services in the WTO terminology--conducted principally via the electronic mediums such as the telephone, fax and Internet. The definition is appropriate because this is the phenomenon that is relatively new and scary in public consciousness and has fueled the recent "outsourcing" debate. Under this definition, the total number of the U.S. jobs outsourced annually is minuscule and is expected to remain so over the next decade, even on a gross basis (i.e., without adjusting for the jobs in-sourced from the U.S.). The fears that offshore outsourcing will lead to high-value jobs being replaced by low-value jobs down the road are also argued here to be implausible in view of several qualitative arguments to the contrary. We also demonstrate that offshore outsourcing of Mode 1 services raises no new analytical issues, contrary to what many fear. Thus, it leads to gains from trade (with the standard caveats applicable to conventional trade in goods) and, in specific cases, to income-distribution effects.
Article
The identification of various risks associated with the offshore development and the ways to manage them to achieve development objectives are discussed. Lack of the required knowledge and skills by the project personnel and the inappropriate project staffing leads to the failure in the the project, and the productivity of workers in the developing countries is lower, and lower productivity losses, increasing offshore IT salaries, and declining dollar value related to the local currency hampers the cost advantage. Loss of control is another disadvantage in local IT outsourcing, bureaucratic procedures, time-consuming communication, and coordination of resources also causes risks in the flexible project management. The onshore and offshore companies should use mutually accepted, standardized project-management procedures, change management methods and interaction protocols to prevent the confusion in communication and control.
Article
This article looks at the link between the need for the pursuit of cost advantages via labor arbitrage on one hand, and the need for continued learning and sustainable competitive advantage on the other. We first define outsourcing and off-shoring and then provide a review of the primary elements of the first wave of outsourcing. We then turn to discussing some proactive mechanisms that national governments should consider to counter the short-term impacts concomitant with the first wave of outsourcing of jobs offshore. Finally, we discuss the next steps that firms need to consider in the ever-changing landscape of international competition.
REIT website, “Self storage REITs building momentum
  • C Chappell
http:// www. tropicalstorage. com/ a-history-of-self-storage
  • Tropical Storage Website
Appraisal Institute Commercial Data Standards, version 2.0
  • Appraisal Institute
The mobile society: A history of the moving and storage industry
  • J Hess
Market analysis and valuation of self storage facilities
  • R Correll
Real estate investment: Strategy, analysis, decisions
  • S S Phyrr
  • J R Cooper
  • SS Phyrr