Abstract
The transformation from traditional trade patterns to digital trade has impacted practically every element of life. E-commerce, or digital trade, indirectly impacts the property industry's development. The increasing demand for modern warehousing is one of them. The Gross Income Multiplier (GIM) is the ratio of a property value to its annual gross income potential. GIM can be a simple and easy method for calculating a property value. This research aims to determine the GIM of warehouse properties in the research area and investigate the factors that influence it. These factors are the distance to Belawan Port, building area, frontage, building age, road width, position/location, and building design. Purposive sampling was used in this study, with a total sample of 81 warehouse units in 30 warehouse complexes. Multiple linear regression analysis with observational data was the analytical approach employed in this study. According to the findings, the average GIM calculation for warehouse properties in the research area was 26.32. The regression analysis revealed that the distance to Belawan Port and the building age have a negative and significant effect on the GIM index of warehouses.
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