Buitenhuis, Gijs (2022) Transforming vacant retail to housing: Experiences from owners and house prices in Rotterdam, The Netherlands. Master thesis.
|
Text
Thesis-GB.pdf Download (3MB) | Preview |
Abstract
The Netherlands has a large housing shortage while retail vacancy is rising. A potential partial solution for both issues is the transformation of vacant retail stores into housing. As this type of transformation is relatively new, little is known about how to stimulate market parties. The municipality of Rotterdam pioneered and introduced a set of tools to stimulate retail store transformations in three areas. Firstly, the experiences with the tools were analysed qualitatively through interviewing 37 retail store owners who underwent transformation. Secondly, we researched whether the stimulated transformations contributed to neighbourhood revitalization by estimating the external price effects of the stimulated transformations on surrounding houses. A hedonic difference in difference model comparing a target and control area is used. It is found that the introduction of a transformation manager and architectural subsidy were decisive in the transformation effort. Three shortcomings were identified: overall awareness of the tools, communication of the municipality and long permit application procedures. No significant price effect has been found, which may be because of limited availability of data.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van |
| Date Deposited: | 05 Apr 2022 11:20 |
| Last Modified: | 05 Apr 2022 11:20 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3807 |
Actions (login required)
 |
View Item |