| 요약2 |
Although commercial facilities are necessary components in creating residential environment of apartment complex, there is little research on commercial facilities in apartment complexes. This study analyzes the determinants of rents of commercial facilities in apartment complexes in Seoul through the Hedonic Model. By using the characteristics of apartment complex, location characteristics, and commercial facility characteristics as independent variables, this study tries to find which factors have impact on the average rents of the first floor. As the result, the factors of the apartment complex, such as the number of apartment units in apartment complex, the sum of income tax by regional districts, and the proportion of a large-sized apartment units in each apartment complex, have a positive effect on the rents of commercial facilities. This study shows that the location characteristics including the subway access time and the number of competitive shopping centers have a negative influence on the dependent variable. Also, the location characteristics like the width of road and whether it is located on flat land or not have a positive effect on the rents of commercial facilities. Lastly, this study confirms that commercial complex characteristics such as building age, the structure of commercial complex, the existence of an underground parking lot are positively correlated with the rents of commercial facilities. |