References in periodicals archive ?
To automatically default to valuing first-generation space as if it were second-generation space ignores the market's acceptance of the property.
This demand/acceptance is strengthened when there are similar properties in a marketplace continuing for a number of years as first-generation space even when these properties do not change hands.
Second-generation sales may have a utility equal to or less than first-generation space.
If the second-generation space is able to capitalize on all of the utility of the development, the difference between it and first-generation space may be minimal or nonexistent.
The Turnpike Crossing building is, essentially, first-generation space, yet is already ideally fit-out for The Children's Place.