PROGRESS IN GEOGRAPHY ›› 2021, Vol. 40 ›› Issue (5): 736-745.doi: 10.18306/dlkxjz.2021.05.002

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Spatial agglomeration and location choice factors of real estate enterprises in Hangzhou City

ZHAN Dongsheng1(), ZHANG Qianyun1, ZHANG Wenzhong2, YU Xiaofen1, ZHANG Juanfeng1,*()   

  1. 1. School of Management, Zhejiang University of Technology, Hangzhou 310023, China
    2. Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, CAS, Beijing 100101, China
  • Received:2020-11-03 Revised:2021-01-09 Online:2021-05-28 Published:2021-07-28
  • Contact: ZHANG Juanfeng E-mail:zhands@126.com;zhangjf@zjut.edu.cn
  • Supported by:
    National Natural Science Foundation of China, No. 42001120 and 71774144(42001120);National Natural Science Foundation of China, No. 42001120 and 71774144(71774144);Project Supported by Key Laboratory of Regional Sustainable Development Modeling, Chinese Academy of Sciences

Abstract:

Since the real estate industry is an important pillar industry of national economy in China, it is essential to understand its spatial pattern and location choice factors in Chinese cities to guide the healthy development of the industry. Based on business registration data of the real estate enterprises in Hangzhou City, this study applied spatial point pattern methods of nearest neighbor index, Ripley's K function, and nearest neighbor hierarchical clustering method combined with the geographical detector method to examine spatial agglomeration and location choice factors of real estate enterprises. The results show that: 1) Real estate enterprises and their sub-industrial enterprises in Hangzhou all exhibit a characteristic of spatial agglomeration, with the spatial agglomeration degree in the order of real estate agency > real estate development and operation > property management > other real estate industries. 2) Spatial agglomeration intensity of the real estate enterprises and their sub-industrial enterprises in Hangzhou first increased and then decreased, and their spatial agglomeration intensity and scale vary by different types of real estate enterprises. 3) Hotspot clusters of the real estate enterprises and their sub-industrial enterprises in Hangzhou are mainly concentrated in the areas around the West Lake and the Qiantang River, but there exist hierarchy and scale disparity of hotspot clusters for different types of real estate enterprises. 4) Geographical detector modeling results indicate that agglomeration factors, location factors, and traffic factors are the significant factors affecting the location choice of real estate enterprises in Hangzhou City.

Key words: real estate industry, spatial agglomeration, location choice, spatial point pattern analysis, Hangzhou City