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Study on the Relationship between the Development of Commercial Real Estate and the Total Retail Sales of Consumer Goods: From Chongqing Case

机译:商业房地产开发与消费品零售总额的关系研究-以重庆市为例

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The relations among per capita disposable income, the total retail sales of consumer goods, and the investment of commercial real estate have been investigated in previous studies throughout the world. However, owning to increasing economic development in China, their relationship in this situation is different and complex. It has been acknowledged that growing urban residents' per capita disposable income would lead to the incensement of residents' consumption (e.g., the total retail sales of consumer goods), which finally stimulates the business development. In this process, it inevitably enhances the investment of commercial real estate. The urban Engel coefficient decreased from 39.4% in 2000, to 29.3% in 2016. This facilitates the development of large-scale commercial complex. Thus, commercial real estate investment is rising. Under the background, this paper explores the relationship between the total retail sales of consumer goods and large-scales commercial real estate by taking Chongqing as an example. This study finds that: (1) there is a common trend toward the increment of total retail sales of consumer goods and the area of commercial business premises; and (2) the ratio of TRSCG/ICBP fluctuates with the range of 10,000 Yuan per square meters from 1996 to 2006, 20,000 Yuan per square meters from 2007 to 2016. Especially, this ratio declines from 2015 to 2016, and then remains at around 10,000 Yuan per square meters. This indicates that 10,000 Yuan total retail sales of consumer goods corresponding to 1 m2 of commercial real estate can be seen an indicator, which reflects the steadily growing of economic and society in Chongqing.
机译:人均可支配收入,消费品零售总额和商业房地产投资之间的关系已在全球范围内的先前研究中进行了调查。但是,由于中国经济的增长,在这种情况下它们之间的关系是不同而复杂的。人们已经认识到,城市居民人均可支配收入的增长将导致居民消费的增加(例如,消费品的零售总额),从而最终刺激业务发展。在此过程中,不可避免地会增加商业房地产的投资。城市恩格尔系数从2000年的39.4%下降到2016年的29.3%。这促进了大型商业综合体的发展。因此,商业房地产投资正在上升。在此背景下,以重庆市为例,探讨了社会消费品零售总额与大型商业房地产的关系。研究发现:(1)消费品零售总额和商业营业场所面积呈共同增长趋势; (2)TRSCG / ICBP的比率在1996年至2006年间在每平方米10,000元人民币,从2007年至2016年在每平方米20,000元人民币之间波动。特别是,该比率在2015年至2016年下降,然后一直保持在大约10000元/平方米。这表明,相当于1平方米商业房地产的社会消费品零售总额10,000元是一个指标,反映了重庆市经济社会的稳定增长。

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