Evading Danger : The Crisis Impact Framework for Real Estate

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorTähtinen, Len_US
dc.contributor.authorToivonen, Sen_US
dc.contributor.authorRashidfarokhi, Aen_US
dc.contributor.departmentDepartment of Built Environmenten
dc.contributor.groupauthorReal Estateen
dc.contributor.organizationDepartment of Built Environmenten_US
dc.date.accessioned2024-01-04T08:59:04Z
dc.date.available2024-01-04T08:59:04Z
dc.date.issued2023-11-23en_US
dc.description.abstractWith continuing urbanisation, real estate (RE) has become increasingly important in crisis management. The field of crisis research is still fragmented, especially in the RE context and focuses on the retrospective analysis of single crisis events. This qualitative, futures studies–based paper aims to build a more holistic, foresight-driven understanding of how diverse crises affect RE. It identifies 128 possible future crises from a societal perspective and adopts a novel method in the field, the Futures Wheel, to collect the views of 179 practicing and academic experts via 58 multidisciplinary workshops to analyse the impacts of the identified crises. From this analysis emerged the Crisis Impact Framework for Real Estate, which includes 23 impact themes that synthesise the variety of direct and indirect crisis impacts on RE’s hard elements (e.g. the physical condition of materials) and soft elements (e.g. economic value changes). This study contributes an integrated and foresight-driven perspective to the existing research literature. The framework can assist RE market participants in preparing and assessing critical elements of RE before, during and after crisis impacts have manifested and can help spatial planners, investors and RE managers to reflect in a more multidimensional manner on their vulnerabilities and crisis preparedness.en
dc.description.versionPeer revieweden
dc.format.extent19
dc.format.extent332-350
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationTähtinen, L, Toivonen, S & Rashidfarokhi, A 2023, ' Evading Danger : The Crisis Impact Framework for Real Estate ', International Journal of Strategic Property Management, vol. 27, no. 5, pp. 332-350 . https://doi.org/10.3846/ijspm.2023.20444en
dc.identifier.doi10.3846/ijspm.2023.20444en_US
dc.identifier.issn1648-715X
dc.identifier.issn1648-9179
dc.identifier.otherPURE UUID: 7b69ea5a-e6d6-46b3-968e-8b829c7b6d83en_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/7b69ea5a-e6d6-46b3-968e-8b829c7b6d83en_US
dc.identifier.otherPURE LINK: https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=aalto_pure&SrcAuth=WosAPI&KeyUT=WOS:001122603000001&DestLinkType=FullRecord&DestApp=WOSen_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85180444972&partnerID=8YFLogxKen_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/132113228/20444-Article_Text-83269-2-10-20231207.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/125451
dc.identifier.urnURN:NBN:fi:aalto-202401041140
dc.language.isoenen
dc.publisherVilnius Gediminas Technical University
dc.relation.ispartofseriesInternational Journal of Strategic Property Managementen
dc.relation.ispartofseriesVolume 27, issue 5en
dc.rightsopenAccessen
dc.subject.keywordBuilt environmenten_US
dc.subject.keywordCrisisen_US
dc.subject.keywordCrisis managementen_US
dc.subject.keywordReal estateen_US
dc.subject.keywordResilienceen_US
dc.subject.keywordRisk managementen_US
dc.subject.keywordUrban resilience.en_US
dc.titleEvading Danger : The Crisis Impact Framework for Real Estateen
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
dc.type.versionpublishedVersion
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