Location and Transportation Effects on Nonresidential Real Estate Price Regressions in Windsor, Ontario, Canada

In this paper, land prices for nonresidential real estate listings in Windsor, Ontario, Canada, are analyzed with the use of ordinary least squares regression models. Location and transportation attributes are used in the analysis to explain observed land prices. Seven models were estimated to control the heterogeneity in the land use types. The results show differences in factors explaining land prices of the models, indicating that caution …