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Real Estate Glossary

Brownfield Site

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Richard Wilson
Written by Richard Wilson

This is an area that was previously used mainly for industrial and commercial purposes. It may presently be environmentally impaired. Brownfield sites are often abandoned areas in cities or towns as they may be cheaper to buy, but the existing buildings in the area have to be knocked down, and there may be expensive cleanup costs for land decontamination.

This is an area that was previously used mainly for industrial and commercial purposes. It may presently be environmentally impaired. Brownfield sites are often abandoned areas in cities or towns as they may be cheaper to buy, but the existing buildings in the area have to be knocked down, and there may be expensive cleanup costs for land decontamination.

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Richard Wilson

Richard Wilson

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