Depending on the shell, it may be more time & cost effective for builders to start anew versus retrofitting existing structures.

Such as law that protects other tenants being effected by 2nd hand smoke?

Everything I have read or heard, including my business law classes, says that the lease is still in effect.

This was very effective for the constantly damp basement floor of one of my daughters homes.good luck  

But above comment is probably right about tragedy of the commons effect on "everyone's laundry area" which can be a cleaning and utility cost issue and even vagrant or misuse issues..

Umbrella insurance is not a waste of money.

So if you are dilligent about savings and you  stick that money right back into the property you are definitely-- WINNINGSo if you don't put it into the NOI it will not look like you're getting as good of deals, but really u are saving that money as it would have been wasted making some other landlord rich...Do it.  

Although I see why you are curious about its effects, inflation adjusted IRRs are not generally used in a commercial real estate analysis (especially given the current low-inflation environment).

The buyers have no idea what they're looking for and just waste your time.

and if we or she is not happy with her portion, so we just wasted so much time and now are in a rush to find a different tenant before the inspection will expire ????