Neighborhood Community Center 30,000-400,000 square feet, at least one anchor store, usually two or more including supermarket, drug store, discount department store or a category killer outlet such as home improvement, books, electronics, apparel, etc.
Net absorption can be either positive or negative.
Obsolete A building which has not been marketed or occupied for more than two years is probably obsolete. A building which is not being marketed for a period of more than six months is considered to be off-market. This category includes buildings undergoing remodeling or asbestos removal. This category does NOT include buildings that are not being actively marketed because they are fully leased. Such buildings are still on the market with zero availability.