SineRuder946

First down, heres an article published recently at www.realtor.org "A poll of more than 100 office appraisers, builders, and brokers found that 54 percent believe office condos are a trend that will come to an end once rates of interest increase. The study was done by Grubb & Ellis and PNC Real-estate Finance. The typical scenario finds companies purchasing the apartments so they really no further need to pay rent, going for greater control over space and occupancy costs. More and more office apartments have already been bought as investments recently. Phoenix is one of the biggest markets in this niche, with 189 office-condo houses in place and over 100 others in several stages of growth. But, other areas, such as Houston, with only three office-condo properties, rarely register, although that Texas city's office market is three times the size as Phoenix's. If you have an opinion about finance, you will possibly need to discover about http://www.wafb.com/story/29338313/hard-to-find-edina-office-space-now-available-through-jgm-properties. " Source Wall Street Journal (12/14/05 ); Corkery, Michael; Forsyth, Jennifer S.; Haughney, Christine Of particular note is in these company apartments which are acquired as investments. Several real-estate investors, myself involved, have invested in these kind of houses, only to find few if any possible tenants for the vacant place. Browse this webpage http://www.wbtw.com/story/29338313/hard-to-find-edina-office-space-now-available-through-jgm-properties to discover where to mull over this activity. In an industry with the vacancy rate hovering between 15 & two decades, I thought it had been wise to get out quickly. Im very glad I did so. Their own office condo that that that will be often simply purchased by its not the quality of the space is the issue, but the fact any tenant is a good candidate for this space very. Many of the prospects for open work house place are startups or smaller businesses that will only agree to a or two-year lease. These companies will either make it and buy their own office condo or fold up shop and move back once again to the spare bedroom home office from where they came leaving the individual to try to find another tenant. Make no mistake, these are good houses, well built, with excellent finishes, that are outstanding values for the owner / user. As an trader, I'd check out the areas, especially industrial or factory homes, to invest my resources. Good luck to you, Marty Olson Fox Real Estate Group mo@foxreg.com ------------------------------------- www.mnspaceforlease.com www.officespacemn.com www.warehousespacemn.com. Hard To Find Edina Office Space Now Available Through Jgm Properties is a lovely database for more concerning the inner workings of it.