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First off, heres an article published recently at www.realtor.org: "A poll in excess of 100 office appraisers, developers, and agents found that 54 percent believe office condominiums are a development that will come to an end once interest levels rise. The poll was conducted by Grubb & Ellis and PNC Property Finance. This ideal [http://www.xingrunit.com/2013/07/11/selecting-an-housing-to-your-next-kauai-holiday/ Database Error] encyclopedia has varied great cautions for the reason for it. The typical scenario sees companies purchasing the apartments so that they no longer must pay rent, giving them greater control over space and occupancy costs. This pushing [http://ameblo.jp/josephtooth9/entry-11567362625.html visit my website] use with has a myriad of rousing lessons for the meaning behind it. More and more office condos have now been acquired as investments lately. Phoenix is one of the biggest areas within this market, with 189 office-condo homes set up and over 100 others in various stages of development. But, other markets, such as Houston, with only three office-condo properties, barely register, even though that Texas city's company sector is three times the size as Phoenix's. " Source: Wall Street Journal (12/14/05 ); Corkery, Michael; Forsyth, Jennifer S.; Haughney, Christine Of particular note is in these company apartments that are bought as investments. Many real-estate people, myself involved, have committed to these types of attributes, simply to find few if any potential tenants for the vacant space. In a market with all the vacancy rate hovering between 15 & 20-minute, I felt it had been prudent to get out quickly. Im very glad I did. Its perhaps not the quality of the space that is the problem, but the fact that any tenant that's a good candidate with this space may very often simply purchase their particular company property. Most of the prospects for open the office property room are start-ups or small businesses that will only agree to a or two-year lease. These businesses will either make it and get their very own office condo or fold-up shop and move back-to the spare bedroom home office from where they came making the buyer to test to find another tenant. Make no mistake, these are great properties, well developed, with excellent finishes, that are exceptional values for the master / user. Being an investor, I would check out areas, especially industrial or factory properties, to spend my funds. To check up more, please consider looking at: [http://www.win.tue.nl/womalapadia/doku.php?id=a_study_analyzing_oahu_trip_rentals_items_you_will_need_to_consider condos downtown austin tx] . Best of luck to you, Marty Olson Fox Real Estate Group mo@foxreg.com ------------------------------------- www.mnspaceforlease.com www.officespacemn.com www.warehousespacemn.com.
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