{"title":"Examining Rental Housing Market Segmentation in Chinese Megacities: The Case of Beijing","authors":"Jiajie Liu, Tao Liu, Guangzhong Cao","doi":"10.1007/s12061-025-09637-7","DOIUrl":null,"url":null,"abstract":"<div><p>Given the complex urban internal spatial structure, the housing market in megacities is usually not a unified one but consists of multiple local submarkets. Compared to the housing purchase/sales market, rental housing market segmentation is more intricate due to specific rental demands and seasonal market fluctuations. This paper fills the literature gap by detecting general determinants and seasonal variations of rental prices, proposing a conceptual framework, and presenting an effective approach of rental submarkets identification. The global regression model confirmed the general effects of location, job accessibility, amenities and built environment on housing rental prices. A significant seasonal effect was observed in the rental market. The multiscale geographically weighted regression model suggested the spatially varying effects of various hedonic attributes. The local relationship between housing rents and hedonic attributes is determined greatly by the accessibility to the main function of the local area. Rental submarkets were identified based on the dominant factors influencing rents in local areas. The submarkets dominated by centre-location and the submarkets dominated by job accessibility cover most areas. There are few local premiums for amenities and no amenity-dominated submarkets. Finally, the improved approach to identifying urban housing submarkets and the optimisation of zoning housing policies were discussed.</p></div>","PeriodicalId":46392,"journal":{"name":"Applied Spatial Analysis and Policy","volume":"18 1","pages":""},"PeriodicalIF":2.0000,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Applied Spatial Analysis and Policy","FirstCategoryId":"90","ListUrlMain":"https://link.springer.com/article/10.1007/s12061-025-09637-7","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
Given the complex urban internal spatial structure, the housing market in megacities is usually not a unified one but consists of multiple local submarkets. Compared to the housing purchase/sales market, rental housing market segmentation is more intricate due to specific rental demands and seasonal market fluctuations. This paper fills the literature gap by detecting general determinants and seasonal variations of rental prices, proposing a conceptual framework, and presenting an effective approach of rental submarkets identification. The global regression model confirmed the general effects of location, job accessibility, amenities and built environment on housing rental prices. A significant seasonal effect was observed in the rental market. The multiscale geographically weighted regression model suggested the spatially varying effects of various hedonic attributes. The local relationship between housing rents and hedonic attributes is determined greatly by the accessibility to the main function of the local area. Rental submarkets were identified based on the dominant factors influencing rents in local areas. The submarkets dominated by centre-location and the submarkets dominated by job accessibility cover most areas. There are few local premiums for amenities and no amenity-dominated submarkets. Finally, the improved approach to identifying urban housing submarkets and the optimisation of zoning housing policies were discussed.
期刊介绍：
Description
The journal has an applied focus: it actively promotes the importance of geographical research in real world settings
It is policy-relevant: it seeks both a readership and contributions from practitioners as well as academics
The substantive foundation is spatial analysis: the use of quantitative techniques to identify patterns and processes within geographic environments
The combination of these points, which are fully reflected in the naming of the journal, establishes a unique position in the marketplace.
RationaleA geographical perspective has always been crucial to the understanding of the social and physical organisation of the world around us. The techniques of spatial analysis provide a powerful means for the assembly and interpretation of evidence, and thus to address critical questions about issues such as crime and deprivation, immigration and demographic restructuring, retailing activity and employment change, resource management and environmental improvement. Many of these issues are equally important to academic research as they are to policy makers and Applied Spatial Analysis and Policy aims to close the gap between these two perspectives by providing a forum for discussion of applied research in a range of different contexts
Topical and interdisciplinaryIncreasingly government organisations, administrative agencies and private businesses are requiring research to support their ‘evidence-based’ strategies or policies. Geographical location is critical in much of this work which extends across a wide range of disciplines including demography, actuarial sciences, statistics, public sector planning, business planning, economics, epidemiology, sociology, social policy, health research, environmental management.
FocusApplied Spatial Analysis and Policy will draw on applied research from diverse problem domains, such as transport, policing, education, health, environment and leisure, in different international contexts. The journal will therefore provide insights into the variations in phenomena that exist across space, it will provide evidence for comparative policy analysis between domains and between locations, and stimulate ideas about the translation of spatial analysis methods and techniques across varied policy contexts. It is essential to know how to measure, monitor and understand spatial distributions, many of which have implications for those with responsibility to plan and enhance the society and the environment in which we all exist.
Readership and Editorial BoardAs a journal focused on applications of methods of spatial analysis, Applied Spatial Analysis and Policy will be of interest to scholars and students in a wide range of academic fields, to practitioners in government and administrative agencies and to consultants in private sector organisations. The Editorial Board reflects the international and multidisciplinary nature of the journal.
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