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Vacant property takes on a new look in 2011’s battered commercial real estate (CRE) market. Forget your old notions of vacant property – weedy overgrown lots, hazardous tumbledown buildings, polluted brownfields, even underperforming “grayfields” with a few remaining tenants fending off the vandals. Instead, picture high-quality structures equipped with state-of-the-art fire control systems and supervised daily by security patrols – even brand-new buildings built on spec whose developers find it difficult to attract buyers.

Today, vacant property increasingly means valuable, even prime real estate assets that need protection until new or replacement tenants are found.

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