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Table 6 Key private factors and priorities

From: Valuing options to renew at future market value: the case of commercial property leases

Priority

Key private factors

1

Growth/contraction of the tenant’s business

2

Organizational change (acquisition, merger, etc.)

3

Special requirement from facilities, e.g., high IT and telecom specification

4

Transportation accessibility

5

Proximity effect: direct business purposes, e.g., location close to other organizations in a similar business

6

Quality of building management

7

Building prestige

8

Amenities/facilities, e.g., gymnasia, parks, restaurants, shopping

9

Proximity effect: indirect business purposes, e.g., location close to other organizations for marketing purposes, for example for visibility

10

Car parking

11

Age of building