What does the cryptic crossword clue "Rapid rise, sadly, in dilapidation (9)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Rapid rise, sadly, in dilapidation (9)

Guardian Cryptic #25779 | 9 Across | 2012-10-29 flower

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