Why is property located where it is, and how has this process changed in recent years? A number of factors, such as social change and technological development, have affected location and these are considered. Value, the way changing patterns of location are measured, is examined and there is a discussion of rent contours. The book considers location in the retail industry, looking at the theory, hierarchy, clustering and dispersal. The move to out of town sites, with its three waves of decentralisation, is described. Central place theory, dating from the 1930s, is discounted as being obsolete and misleading. Finally the book covers offices, industrial and residential property. Russell Schiller, PhD, spent nearly thirty years developing property research at CB Hillier Parker, becoming a partner and Head of Research. In 1984 he was made Honoury Professor of Land Economy at the University of Aberdeen. The book sets out the text in a simple and non-technical manner, embued with a strong practical sense, to provide a solid textbook for the Land Economy or Land Management undergraduate student and junior professional.