Month: October 2023

When you hear the term “functional obsolescence,” you may think of CDs, rotary telephones, slide rules or even iPods. When it comes to real estate, functional obsolescence (sometimes known as external obsolescence or other names), it is not that the property is...

Landlords renting out commercial properties either rent out an entire facility to a single tenant or may have multiple professionals and businesses occupying a space. Shared spaces can be very efficient because they do not require a bunch of redundant facilities....