Application of the classical method of least squares in the analysis of factors influencing the lease prices of commercial premises on the real estate market as exemplified by Żoliborz district in Warsaw
Abstract: The aim of this article is to investigate whether easy access to green areas has got an influence on the value of the rental rate of commercial premises, and if so – then how to calculate the value of this factor? Determining the value of this factor affects not only the functioning of the commercial premises market, but it is also of high importance at the stage of designing urban solutions within areas designated for commercial purposes. The municipal commercial premises market in the district of Żoliborz was chosen to be the representative sample. The static econometric model was chosen to be the research method.
Keywords: econometric model, transaction price, commercial premises, variables, descriptive statistics.
Area: Civil Engineering, Urban Planning and Architecture
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