Obsolescence Creates Tax Saving Opportunities for Shopping Center Owners

Shopping center owners sometimes find that circumstances beyond their control diminish the marketability and profitability of their investments, especially in the down market. Ben Blair, in an article authored for RE Business Online, explained how economic shifts and evolving technology have changed the way retailers and property owners conduct business. In the face of these challenges, Blair described how obsolescence can reduce property tax assessments, thereby decreasing the tax burden and improving the property's profitability.