Data was then collected from these interviews and used in quantitative measurement along with then explaining qualitative confounds. This then helped measure the effectiveness and other ramifications of retail zoning conducted by valuers based on the principle that the front portion of any retail shop is worth more than the further back portions. The results of the interviews were presented in tables which can be found at the end of this study. These case studies were used to provide examples of the various techniques used and were later processed through excel spreadsheets.
This study presented several variables which provide further insight into the nature of retail zoning and how valuers then subsequently adjust the material worth of retail properties. The first variable is the amount of front property which can be determined as the most valuable. This front portion of the property provides the most value to the property, and also contributes to most of the retail property's income at any one time. Other variables include the amount of space in the further back portions of the retail property. More space in these zones can decrease the worth of any particular retail property. These portions are also known to cost a retail business more than the space would make, for most sales are conducted in the front portion of the store. The final variable mentioned within the context of this study is that of the valuers who are subsequently adjusting the worth of the properties examined, which will be evaluated through the open ended and semi-conducted interviews.
Maintaining zoning within retail districts helps ensure the continual price range those retail businesses are worth. In order to keep up the value of retail properties, several cities and districts have adopted retail zoning which prohibit non-retail establishes from renting floor level spaces (Kerr 2008). This strict retail zoning allows retail businesses...
Businesses which do not depend on their storefront, as retail businesses tend to do, will have more issues with property value that a retail business which makes the most profits out of the front portions of the store.
And so, with the use of these interviews, the subsequent adjustments made on behalf of the valuers can therefore be transmitted into measurable form. The different approaches to the interviews and the various case studies resulting from these approaches need to be handled accordingly in order to produce the most measurable format to give important insight to the researchers involved within the context of this project. Once again, what was the aim of this research was the subsequent adjustments made by valuers based on zoning retail spaces and how this information could then be transmitted into usable form by researchers involved in the data collection and processing.
References
Davies, Martin. "Conducting an Interview for Data Collection." Teaching and Learning
Unit Faculty of Economics and Commerce. University of Melbourne. Retrieved 22 Dec 2008 at http://tlu.ecom.unimelb.edu.au/pdfs/Conducting_an_Interview.pdf.
Hale, David. (2008). "Decent Exposure: Commercial or Retail Zoning Part II."
EZineArticles.com. Retrieved 22 Dec 2008 at (http://ezinearticles.com/?Decent-Exposure-Commercial-or-Retail-(Zoning),-Part-II&id=1289129.
Kerr, Jim. (2008). "Retail Zoning Relief Given to Several Businesses, for Now." Del
Mar Times. Retrieved 22 Dec 2008 at http://www.delmartimes.net/news/245945-retail-zoning-relief-given-to-several-businesses-for-now
Mybusinesrates.gov.uk. (2004). "Retail Zones." The Summary Valuation. Retrieved 22 Dec 2008 at http://www.mybusinessrates.gov.uk/wales/valuation/check_details/retail_zones.
