“…Because derelict buildings are categorized as real estate, real estate project efficiency evaluations (Ginevicius and Zubrecovas, 2009) should be performed before selecting the re-development project. For example, factors such as location (Leitham et al, 2000), public facilities (Thisse and Wildasin, 1992;Aitken and Fik, 1998;Jeon and Amekudzi, 2005;Litman, 2007), urban planning and development (Shukla and Waddell, 1991), cultural action (Newman and Smith, 2000;Oakes, 2006;Matarasso, 2007), tourism (Ap and Crompton, 1998), adaptive reuse (Heath, 2001;Rossi, 2003;Bullen and Love, 2011), social interaction (Cattell et al, 2008), rehabilitation costs, and construction time (Campbell, 1996), should be considered. Derelict buildings are useless until they are repaired or partially reconstructed.…”