Globalization of Commercial Real Estate Markets

Authors

  • Valery Viktorovich Ivanov Russian Foreign Trade Academy
  • Roman Olegovich Shokhin Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412/2072-8042-2023-7-53-64

Keywords:

international economic integration, economic model, commercial real estate, international retail market, international retail real estate market, investment attraction strategy, digital economic instruments

Abstract

Fundamental changes in the global retail market require revision of the conventional economic models of interaction and development of integration tools in the international commercial real estate markets. The article presents the results of the study of the main globalization trends in the retail and real estate markets, feasibility of investment models of international cooperation in the construction of commercial real estate. Based on the analysis of the problems that arose, an economic model has been developed that contributes to the variable stimulation of the commercial and retail real estate markets. The paper proposes options for cross-country economic integration based on the application of a model of interaction between retail chains and investors, a public-private partnership mechanism, a methodology for assessing the benchmark points of integration opportunities and indicators of economic attractiveness using a single digital platform.

Author Biographies

Valery Viktorovich Ivanov, Russian Foreign Trade Academy

Doctor of Economic Sciences

Professor


Work place, position: Russian Foreign Trade Academy, Department of Finance, Monetary and Credit Relations, Professor

Roman Olegovich Shokhin, Russian Foreign Trade Academy

Work place, position: Russian Foreign Trade Academy, 1st year graduate student

Published

2024-01-25 — Updated on 2024-06-05

Versions

How to Cite

Ivanov, V. V., & Shokhin, R. O. (2024). Globalization of Commercial Real Estate Markets. Russian Foreign Economic Journal, (7), 53–64. https://doi.org/10.24412/2072-8042-2023-7-53-64 (Original work published January 25, 2024)

Issue

Section

World economy

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