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Measuring Conversion of Industrial Land After Sale

Author/s: Peter Rossini, Paul Kershaw, Valerie Kupke

Date Published: 1/01/2006

Published in: Volume 12 - 2006 Issue 2 (pages 213 - 225)

Abstract

This paper quantifies the take up of vacant industrial land, in terms of its conversion from vacant to improved land, for the metropolitan area of Adelaide. It involves the comparison of sales for a five year period between 1991 and 1995 with the SA Valuer General’s Valuation List for 1996. The analysis reveals the generally low level of take up in terms of conversion of land, sold as vacant industrial land, to land which is improved. The paper begins by briefly discussing alternative methodologies for estimating demand, in terms of take up rates, and ends by summarising the implications of the study for demand forecasting in general.

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Keywords

Industrial Land - Sales Volume - Spatial Analysis - Take-Up Rates

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