The life cycle of individual commercial and industrial buildings has a major impact on the form and functioning of towns and cities and is an important consideration for building owners and occupiers. During this life cycle, buildings may experience physical deterioration and obsolescence, the...

Depreciation is a key element of understanding the returns from and price of commercial real estate. Understanding its impact is important for asset allocation models and asset management decisions.  It is a key input into well-constructed pricing models and its impact on indices of commercial...

Purpose – The paper addresses the practical problems which emerge when attempting to apply longitudinal approaches to the assessment of property depreciation using valuation‐based data. These problems relate to inconsistent valuation regimes and the difficulties in finding appropriate...