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Öz

Rent is the economic return to land resources. Key property market participants such as investors and developers often use rental value as an indicator to appraise the viability of their real estate development and investment schemes. On this basis, understanding the nature and basic features of rental movements provides a better comprehension of the dynamics of the commercial property market. This study examined the determinants of commercial property rental growth in Minna, Nigeria. Primary and secondary data were utilized for the study. Primary data obtained for the study include office rental levels and office space data in the study area for the period, 2001-2012. Secondary data obtained for the study are mainly macroeconomic variables in Nigeria for the period, 2001-2012. Appropriate statistical techniques were used for data analysis. The study revealed that real GDP growth and vacancy rate are the major determinants of rental growth in the office property market in the city as they account for about 83% of the variation in office property rents in the commercial property market in the city. Also, Rental index for office properties in Minna using 2001 as the base year indicates progressive upward movement in rental values of office properties in the city within the study period.

Anahtar Kelimeler

• Commercial property market,office properties,rental growth, Minna, Nigeria TİCARİ GAYRIMENKUL KİRA BEDELLERİNDEKİ ARTIŞIN BELİRLEYİCİLERİ Kira, arazi kaynaklarının ekonomik getirisi olarak bilinmektedir. Gayrı menkul piyasasında kilit role

Determinants Of Commercial Property Rental Growth in Minna, Nigeria

Öz

gayrımenkul oranı, ofis gayrımenkul piyasasında kira artışlarını açıklayan en önemli iki belirleyici olduğunu ortaya koymuştur. Ancak, bu artış ofis gayrımenkul değeri ile ticari gayrımenkul değeri arasında %83’e kadar değişebilmektedir. Çalışma 2001 yılı sabit yıl alındığında 2012 yılına kadar geçen sürede ofis gayrımenkul kiralama değerlerinde yukarıya doğru bir hareket olduğunu ortaya koymuştur

Anahtar Kelimeler

• ticari gayrımenkul piyasası, ofis gayrımenkulleri, kira bedellerindeki artış, Minna, Nijerya

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47. Namnso Bassey Udoekanem is a Lecturer in the Department of Estate Management and Valuation, Federal University of Technology, Minna, Nigeria. He holds a Bachelor of Science (B.Sc) and Master of Science (M.Sc) Degrees in Estate Management of the University of Nigeria, Nsukka. He was awarded the University of Nigeria Academic Prize to the best graduating student in Valuation in the Department of Estate Management of the University for the 2000/2001 academic session. His PhD Thesis has reached an advanced stage of completion at the Department of Estate Management and Valuation, Federal University of Technology, Minna, Nigeria. His research interest is in property investment valuation, property market analysis and property development appraisal.
48. Namnso Bassey Udoekanem, Federal University of Technology, Minna, Nijerya’da Gayrı Menkul Değerlendirme Yönetimi Bölümünde öğretim elemanı olarak görev yapmaktadır. Lisans ve Yüksek Lisans derecelerini Nijeryada Gayrı Menkul Değerlendirme Yönetimi üzerine tamamlamıştır. 2000-2001 akademik yılında aynı bölümde en başarılı öğrenci olarak ödüllendirilmiştir.Yine aynı üniversitenin aynı bölümünde doktora çalışması tamamlanmak üzeredir.Özel ilgi alanları; yatırım değerleme, yatırım piyasa analizi ve yatırım geliştirmedir.
49. James Idemudia Ighalo is a Professor in the Department of Estate Management and Valuation, Federal University of Technology, Minna, Nigeria. He holds a PhD Degree in Land Economy of the University of Cambridge, UK. He has published extensively in national and international journals. His research interest is in urban economy, housing and land policies. Prof. Dr. James Idemudia Ighalo,Federal University of Technology, Minna, Nijerya’da Gayrı Menkul Değerlendirme Yönetimi Bölümünde görev yapmaktadır. Doktora derecesini Kembriç Üniversitesinden almıştır. Ulusal ve uluslararsı dergilerde birçok makalesi yayınlanmıştır. Muhammad Bashar Nuhu is a senior lecturer in the Department of Estate Management and Valuation, Federal University of Technology, Minna, Nigeria. He holds a PhD Degree in Estate Management of the Federal University of Technology, Minna, Nigeria. His research interest is in land policies, land information system and property investment analysis. Muhammad Bashar Nuhu,Federal University of Technology, Minna, Nijerya’da Gayrı Menkul Değerlendirme Yönetimi Bölümünde öğretim elemanı olarak görev yapmaktadır.Doktora eğitimini Nijeryada,Federal University of Technology, Gayrı Menkul Değerlendirme Yönetimi üzerine tamamlamıştır. İlgi alanları, arazi politikaları, arazi bilgi sistemleri ve mülkiyet yatırım analizleri olarak belirlenmektedir.