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external obsolescence

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external obsolescence
Same as economic obsolescence.


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While these properties many times involve built-to-suit and sale-leaseback situations, these are not indications, by themselves, that massive amounts of functional or external obsolescence exist in the marketplace.
Economic conditions in the area, or within the industry, can cause economic or external obsolescence to the real estate your company owns or leases.
Economic obsolescence, also called external obsolescence, is defined as "a loss in value caused by factors outside a property.
 
 
 
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