Research On Yield Of Commercial Real Estate

This article describes the commercial real estate market, commercial real estate business model, commercial real estate risk and commercial real estate development on detail from the perspective of the market in Xi'an, which explores the traditional structure of rent in depth and re-establishes the contents of the rental value .Through examples to explain the process of the commercial real estate for rent mode and landestimates of property charges.The reason why commercial real estate becomes a bright spot which has a close relationship with its characteristic of high-yield, however, the determination of the commercial real estate yield is a most intractable problem in valuation.The determination of yield is an important basis for the estimation of commercial real estate's price. But the valuer who usees the income approach has some shortcomings such as valuing arbitrarily and lacking of scientific basis, which leads to the deviation to assessed price.In order to solve this problem, through the investigation to Clock Tower, Xiaozhai and several mature trade circle's rents and prices in Xi'an. Through collecting samples, amending, compiling and aggregating statistics to the data, later using formula to calculate the indicators of integrated commercial real estate yield and area commercial real estate yield in Xi'an.According to the conclusion by the method of market extraction, not only in the determination of investment rate of return for real estate development enterprise,and real estate appraisal organizations using Income Approach to estimate the prices of houses in Xi'an have an important reference value, at the same time,the determination of yield indicators also provide important basis to non-residential housing demolition compensation price adjustment system.By using the grey model to simulate and forecast the above sequence data, and through forecasting a certain regional yeild by the anti-formula that pushed the commercial real estate market value. Then obtains commercial real estate systems risk factorβin Xi'an and the application of safety and risk-adjusted interest rates for commercial real estate value of the rate of revenue reduction formula. The rusult has a promoting role in the practical application of theory to income approach.