A market appraisal is used whenever you’re preparing to sell or let a commercial property. It helps you decide on an asking price, whether a new lease should be agreed before selling, and whether refurbishment could increase the rent achievable. It’s the right starting point any time your goal is to bring a property to market — not for legal, tax, or lending purposes, which require a formal valuation instead.
See also: What is a market appraisal?
