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DEFINING THE BOUNDARIES OF THE COMMERCIAL REAL ESTATE MARKET DEVELOPMENT
Abstract
Nowadays we often encounter situations which cannot be explained rationally. However, we always try to find the reason of an ensuing situation. On the example of a selected town, the author presents the range of illogical business decisions pertaining to commercial real estate market. A situation in which somebody spends millions of dollars and even though, according to an expert, the business is doomed to failure anyway, requires an in-depth research. Through his meticulous research, the author uncovers that the investors in the market break all economic and commonsense rules. In the conclusion a hypothesis is made that allows to hold the outwardly illogical decisions in a пїЅbusiness clampпїЅ.
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