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The structure itself does depreciate (ask any landlord!). It's the land value that's surging.
by cltby 6y ago
The structure itself does depreciate (ask any landlord!). It's the land value that's surging.
- lisper 6y agoSure, but the structure and the land are tightly bound. I can't buy or sell a structure without also buying or selling the land that it sits on, so this is kind of irrelevant.
- throwaway0a5e 6y agoCommercial structures often appreciate as an area gentrifies and starts using legislation to kick out industrial activity in favor of coffee shops and other consumer facing stuff. So the facilities (and permission to operate them) appreciate like there's no tomorrow.