JacquelynnGil140

First off, heres a write-up published recently at www.realtor.org "A study of more than 100 office appraisers, developers, and agents found that 54 percent believe office condominiums are a trend that can come to an end once interest levels rise. Discover new resources on a partner encyclopedia - Browse this website Hard To Find Edina Office Space Now Available Through JGM Properties. The study was conducted by Grubb Ellis and PNC Property Finance. The conventional situation finds businesses purchasing the condos so they really no longer have to pay rent, going for greater get a handle on over space and occupancy costs. More and more company condos have been acquired as investments recently. Phoenix is one of the largest areas in this niche, with 189 office-condo qualities set up and over 100 others in various stages of growth. But, other areas, such as for instance Houston, with only three office-condo houses, barely register, even though that Texas citys office sector is three times the size as Phoenixs. " Source Wall Street Journal 12/14/05 ; Corkery, Michael; Forsyth, Jennifer S.; Haughney, Christine Of particular note is in those company apartments which can be bought as investments. A few real estate investors, myself included, have invested in these types of properties, simply to find few if any potential tenants for the empty space. In a market with the vacancy rate flying between 20 15, I felt it was wise to get out quickly. Im very glad I did so. Its not the quality of the space that is the matter, however the fact that any tenant thats a great candidate for this space will frequently simply buy their particular office property. Lots of the prospects for open any office house room are startups or smaller businesses that may only invest in a or two-year lease. These lenders will either make it and get their own office house or fold up move and shop back to the spare room home office from where they came leaving the investor to attempt to find another tenant. Hard To Find Edina Office Space Now Available Through Jgm Properties is a unusual online database for further concerning when to deal with it. Make no mistake, these are good qualities, well built, with exemplary finishes, that are outstanding values for the master / user. As I would look to other areas, especially industrial or factory properties, to spend my funds, an buyer. For other viewpoints, please consider having a gaze at http://www.wkrn.com/story/29338313/hard-to-find-edina-office-space-now-available-through-jgm-properties. Good luck to you, Marty Olson Fox Property Group mo@foxreg.com ------------------------------------- www.mnspaceforlease.com www.officespacemn.com www.warehousespacemn.com.