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...

"The first of these meanings implies what is known, in the UK, as the valuation process or, in the US, as the appraisal process. This process seeks to estimate what is termed 'Market Value', which is a prediction of the most likely selling price for an asset. There is now widespread acceptance...