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ORTHODOX VALUATION METHOD APPLICATION ON THE EXAMPLE OF COWORKING
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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