O'Brien Commercial

Pure. Tenant and Corporate Representation.

External Obsolescence

A form or source of accrued depreciation considered in the cost approach to market value.  The loss of value is because of external forces and change.  For example, a new mall causes traffic and congestion, negatively affecting residential property values nearby, or a motel is no longer viable because a highway is rerouted, or another example would be depressed market conditions.