... by modeling these two segmented markets separately. It is also important to note that this distinction cuts across the established A/B/C office space quality classification. Motivated by the extant literature on market segmentation and on hedonic pricing, this study explores two research questions...

... premium associated with real estate market risk (Liu et al., 1990). © MCB UP Limited 2003 Real estate Volatility Market segmentation Integration For the local market studies, Ong (1995) tested the inter‐temporal relationships between the property stocks and property prices...

... seen, the latter involves the elimination of systematic risk from a portfolio. The former offers the opportunity to assemble a portfolio where the components are priced incorrectly relative to one another. Hence, asset market segmentation provides the conditions for the identification of mis‐priced...

...WAYNE ETTER; SCOTT SHAFFER Market segmentation, the dividing of a market into distinct subsets of customers, is a conceptual approach that commercial real estate developers can use to identify unmet needs. By developing properties for which there is an unmet need instead of those that are already...