Search
 

The New Edifice of Vacant Property

Vacant property takes on a new look in 2011s battered commercial real estate (CRE) market. Forget your old notions of vacant property weedy overgrown lots, hazardous tumbledown buildings, polluted brownfields, even underperforming grayfields with a few remaining tenants fending off the vandals. Instead, picture high-quality structures equipped with state-of-the-art...

By John W. DeWitt | Updated on August 12, 2011

Vacant property takes on a new look in 2011’s battered commercial real estate (CRE) market. Forget your old notions of vacant property – weedy overgrown lots, hazardous tumbledown buildings, polluted brownfields, even underperforming “grayfields” with a few remaining tenants fending off the vandals. Instead, picture high-quality structures equipped with state-of-the-art fire control systems and supervised daily by security patrols – even brand-new buildings built on spec whose developers find it difficult to attract buyers.

Today, vacant property increasingly means valuable, even prime real estate assets that need protection until new or replacement tenants are found.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.