BuildFax recently published a study about neglected commercial spaces. We looked at the more than 5.2 million commercial properties in our database and took a representative sample, where we have more than 30 years of data coverage. We flagged these properties for permit activity in 10, 20, 30 and 30+ year time frames. The results highlight:
- The surprising number of neglected commercial structures in the US (buildings that haven’t had a permitted update in over 30 years)
- A complete breakdown of neglected, aging, and maintained commercial buildings
To read the whole thing, click here.