Analysis of commercial land leasing of the district governments of Beijing in China

In this paper, by using the data of the districts of Beijing from 2004 to 2015, the factors influencing commercial land leasing by the district governments and commercial land leasing price under public land ownership are studied. The variables to present the mathematical models for parcel-level demand and district-level supply are discussed, then the mathematical models are presented to explore whether the price formation and spatial distribution of commercial land leasing have relationship with some factors of the land characteristics, the district characteristics and the location characteristics of the land. The results show how commercial land leasing price changes by these factors and what factors the government concerns about when leasing commercial land under public land ownership. The policy implications when leasing commercial land in Beijing are presented, and these are suitable to other large cities of developing countries.