Apartment Market Area Delineation

摘要

In all property markets, market area delineation is an Important task that precedes the analysis of demand and supply In the market area. This article reviews the literature on apartment market area delineation and the currently recognized technique to perform the analysis. It then takes a step forward by presenting a logical process for delineating the apartment market area. It points out that the important factors in the process of delineation are household linkage patterns, household psychographics, competitive facilities, and both physical and psychological barriers. It provides Illustrations that depict the reasoning process for apartment market area delineation.