Towers of Capital: Office Markets & International Financial Services (Real Estate Issues)
Wiley-Blackwell | 2009-07-20 | ISBN: 1405156724 | 344 pages | PDF | 1.5 MB
This examination of office markets in major world cities analyses theflows of capital that create urban form, the nature of ownership,investment and occupation and the impact of office markets on economicstability.



Towers of Capital – office markets & international financialservices explores the relationship between the evolution of majorinternational financial centres as part of the global capital marketsystem, the development of office markets in those cities, real estateinvestment in those office markets and the patterns of risk and returnthat result from the interactions between financial flows and officemarkets.

Rather than focusing on just one single aspect of the relationship,Colin Lizieri sets out the interconnections between the location offinancial activity, the processes operating in office markets and thevolatility of real estate returns. The resulting schematic model of IFCoffice markets provides insights into risk and will act as aspringboard for subsequent empirical work.

Towers of Capital develops a framework for understanding real estateand the transformation of the built environment in financial centres,based both on the development of global capital markets and onmicro-level research into the functioning of office markets.

By drawing together the insights, models and ideas that address globalcapital flows, the evolution of city systems, office market processesand real estate finance, the book will help students and researchers inproperty and urban planning, investors and policy advisors tounderstand the linkages between the evolution of financial markets,innovation in commercial real estate markets and the dynamics of theoffice markets in global cities.