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First down, heres a write-up published recently at www.realtor.org: "A poll of more than 100 office appraisers, builders, and agents found that 54 percent believe office condos certainly are a pattern that will come to an end once rates of interest rise. The poll was conducted by Grubb & Ellis and PNC Real-estate Finance. The typical scenario finds firms buying the condos so they really no further need to pay rent, giving them greater get a handle on over space and occupancy costs. More and more office apartments have now been acquired as investments lately. Phoenix is one of the largest markets in this niche, with 189 office-condo homes set up and more than 100 others in several stages of growth. Nevertheless, other areas, such as Houston, with only three office-condo qualities, barely register, although 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 those company apartments which can be bought as investments. A few real-estate people, myself involved, have invested in these types of properties, and then find few if any possible tenants for the vacant space. Browse here at [https://www.facebook.com/JGMproperties jgm properties retail space] to research the purpose of it. In a market with the vacancy rate flying between 15 & two decades, I thought it was sensible to get out quickly. Be taught further on this related article by clicking [https://www.facebook.com/JGMproperties jgm properties office space] . Im very glad used to do. 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 any office house room are startups or smaller businesses that could only commit to a or two-year lease. These firms will often make it and buy their very own office condo or fold up shop and move back to the spare room home office from where they got making the investor to attempt to find another tenant. Make no mistake, these are good houses, well-built, with exceptional finishes, that are excellent values for the dog owner / user. As I would look to areas, especially industrial or warehouse qualities, to invest my funds, an trader. Good luck for you, Marty Olson Fox Property Group mo@foxreg.com ------------------------------------- www.mnspaceforlease.com www.officespacemn.com www.warehousespacemn.com. This salient [https://www.facebook.com/JGMproperties jgm properties warehouse space] URL has collected influential tips for the inner workings of this thing.
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