Market Value of Commercial Property Book Report

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It is however important to come up with an integrated proactive management of real property in order to cover most of the risks that affect this market sector.

The requirement for the integrated property management

So as to achieve the required alignment between the strategic decisions of a business and other elements like the organization structure, enabling physical environment and work processes, it is necessary that organizations come with clear methods of managing their property. Proactive management of real estate/corporate property is one of the ways of ensuring that the property is not at risk. It however demands that very clear strategic positions are taken by senior management with clarity of the expected deliverable in measurable terms.

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Fig.2 Proactive real estate management

Source

Source: Then (1996).

Conclusion

The market value of commercial property has been fluctuation over time. The last three years has however seen it suffer a heavy hit as a result of the recession. There are indications that the real estate market has recovered to a large extent from recession from the case of cities like Oklahoma where the office market was reported to have put recession behind it (Mize,2010).There is a greater need to come up with the best appraisal tools while incorporating them with in an elaborate proactive property management framework......

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