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ORTHODOX VALUATION METHOD APPLICATION ON THE EXAMPLE OF COWORKING

Marek Walacik

First published: 2017-06-20https://doi.org/10.5593/sgem2017/22/s09.053View metrics

Abstract

Coworking (also called as пїЅoffice for hours") is a relatively new tool on Polish real estate lease market. This is a solution primarily for people predominately working at home who want to develop their business. The service consists of providing office space equipped with office furniture with internet access and other facilities. The idea of an office for hours is primarily dedicated for freelancers. That kind of solution gives a number of advantages, nevertheless appearing on real estate lease market in many situations it requires valuation of rent rates. The aim of the paper was to present problems that property valuers in many Easter Europe countries encounter while estimating new tools on their property markets especially caused by lack of comparable data. The author of the paper moreover gave a proposal of solution for that kind of situations by using orthodox valuation method. Preparing a coworking rental rate valuation the author explained both advantages and procedural requirements of the method. The method seems to be good solution in situation when commonly used methods fail.

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Publication details

Title
ORTHODOX VALUATION METHOD APPLICATION ON THE EXAMPLE OF COWORKING
Authors
Marek Walacik
Proceedings
SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings; 17th International Multidisciplinary Scientific GeoConference SGEM2017, Informatics, Geoinformatics and Remote Sensing
Publisher
STEF92 Technology
Year
2017
Pages
421-426
SWS Citekey
Walacik20179421426
ISSN
1314-2704
ISBN
978-619-7408-02-7
Language
en
Publication type
Conference Paper
Keywords
References9
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