Journal
LAND USE POLICY
Volume 123, Issue -, Pages -Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.landusepol.2022.106430
Keywords
Shop rent; Mapping; Random forest regression; Guangzhou
Categories
Funding
- Stable Support Program Project of Shenzhen Municipal Science and Technology Innovation Committee [GXWD20201231165807007-20200812133137001]
- Funding of the National Natural Science Foundation of China [41971205]
- Techand Open Fund of Laboratory for Urban Future, Peking University (Shenzhen) [201902]
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The rise of e-commerce is changing consumer behaviours and the value of retail space, impacting shop rents. Using geospatial big data, this study quantifies and evaluates the factors that influence shop rents. It finds that the importance of trade area and neighbourhood services is increasing, challenging traditional location-based approaches.
The rise of e-commerce is changing consumer behaviours and the value of retail space. Tracking the changes of shop rents under the impact of e-commerce and understanding the logic behind those changes is important for urban management. By identifying the factors that reflect the impacts of e-commerce and applying the Pearson correlation coefficient and the LASSO model, this study uses geospatial big data to quantify and evaluate the changing factors that impact shop rents. The result of the rising importance of trade area and neighbourhood services challenges the traditional emphasis on locations for shop rents. Using the random forest regression al-gorithm, this study also maps the shop rent distribution in Guangzhou, China, and compares the result with the land value distribution in 2015. The scattered and smaller highest-rent centres indicate the decreasing influence of central place logic. The decline of some traditional spots with the highest commercial values and rise of new catering services centres in suburban areas have been observed, suggesting the changing impacts of the agglomerated externalities.
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