functional obsolescence

Definition of "functional obsolescence"
  1. A situation where an item or property no longer meets the required standards due to outdated design, insufficient space, or inadequate equipment
How to use "functional obsolescence" in a sentence
  1. The old factory suffered from functional obsolescence, as it lacked the necessary space and modern equipment.
  2. One of the major challenges real estate developers face is dealing with properties that have functional obsolescence.
  3. The appraisal revealed that the functional obsolescence of the building decreased its market value.

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