Modeling the polycentric evolution of post-Olympic Beijing: an empirical analysis of land prices and development intensity.

In the past decade, Beijing has experienced dramatic spatial restructuring. In this paper, we test whether the conventional monocentric model of urban spatial structure can explain recent developments in Beijing's land market. Using official land transaction data from 2008 through 2012, we find that (1) for commercial, mixed-use, and residential land parcels, both land prices and development intensities do not decline with distance from the urban center; (2) for industrial land parcels, land prices increase with distance from the urban center. These insignificant and positive land-price gradients defy the predictions of the monocentric model; such results are explained by examining Beijing's evolution from a monocentric to a polycentric spatial configuration, which has been driven by various urban planning efforts and institutional reforms. Our analysis of post-Olympic Beijing land market dynamics leads to a fresh understanding of the city's emerging polycentric metropolitan structure. [ABSTRACT FROM AUTHOR]