Calculating Economically Feasible Rent Levels In my previous post, I discussed the task of quantifying economic obsolescence or benefit that affects real estate. As I noted, the first step to evaluate the impact is to calculate the level of rent at which development of specific property types is financially feasible. Doing this requires knowing … [Read more...]
Measuring Economic Obsolescence or Benefit
What is Economic Obsolescence or Benefit? Say what? I'm sure that will be the response of some reading the term 'Economic Obsolescence' for the first time. Just stay calm a second and I'll explain. Basically, obsolescence is a word that describes the state or process of something becoming obsolete. Think eight track tape players or rotary phones. … [Read more...]