Development of brokerage for commercial premises in the Finnish real estate markets
Falkenbach, Heidi & Kaisa Laatikainen
The Finnish commercial real estate market has developed and professionalized notably during the past two decades. This paper discusses the development of brokerage services in the Finnish commercial real estate market both in terms of overall development of the property market as well as the nature of the brokerage services. The study focuses on developments from the end of 19800s until 2007 and has a special emphasis on office market. The analysis is further delimited to include only two core functions of real estate brokerage, rental brokerage and transactions agency. The findings show that the brokerage services in Finnish commercial real estate markets have evolved markedly within the study period. The development of both of the studied services has been dependent on the general economic environment in Finland. In addition, especially in the earlier part of the reference period, the development of these services has been interdependent, as the services have traditionally been offered by same service providers and individuals, and the role of rental brokerage has been somewhat subordinate to the transactions agency services.
Event: FIG Working Week 2009 : Surveyors Key Role in Accelerated Development
Only personal, non-commercial use of this document is allowed.