What is the average economic life of a frame building?

The average economic life of a frame building is typically recognized as around 40 years. This figure is based on considerations of various factors, such as the quality of materials used, the construction methods, maintenance practices, and the general wear and tear that structures endure over time.

Frame buildings, commonly constructed with wood or lighter materials, tend to have shorter economic lives compared to more durable structures like those made from brick or concrete. This economic life represents the period during which the building is expected to maintain its value and function effectively before it requires significant repairs or replacement.

Different factors could lead to variations in the lifespan of specific buildings, including environmental conditions, usage, and renovation efforts. However, in general estimates and discussions within the real estate industry, 40 years serves as a standard reference for the economic life of frame buildings.