The Significance of Database Size in Modelling the Market of Nonresidential Premises

Abstract

The market of non-residential premises is the subject of analyses less frequently than the housing market. There are two main reasons which probably contribute thereto. First of all, commercial premises are relatively less frequently objects of trade than dwelling units; secondly, they are more diverse due to their various uses. The category includes garages, office premises, commercial premises, as well as warehouses. Such differences in their uses result in significantly different characteristics, such as surface area.

Keywords

• real estate valuation
• commercial premises
• multidimensional functional modelling
• database size