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Office for Rent - J.G.M. Properties, Inc. Predicts That
Supply and Demand Will Tip Scales in U.S.
Skyline Markets In 2013 Regarding Office for Rent
Minneapolis / St Paul Commercial real estate landlord presents their insights into
the increase in office for rent and future construction prospects in 2013 in U.S skyline
markets.
(Newswire.net - April 29, 2013) Minneapolis, MN -
J.G.M. Properties, Inc. predicts that
expansion period is approaching for the high-quality urbanized office sector of trophy skyscrapers.
There is an ever increasing demand for office for rent in the most active segments of the
United States office market, which is already fueling prospects of rental increases and
new office property development in 2013 and into 2014.
Except for a handful of the Skyline markets, large tenants will be forced to look at proposed
development options if they desire to explore relocation options as they will have few existing
options to consider. There is a focused demand for office for rent along with quality and
efficiency from tenants and investors alike throughout the recent recovery. Investors
are getting the ability to capture tenants, grow rents, shrink yield, and even construct
new buildings due to a shift in demographics where these core micro-markets are located.
Tenants want to be located only in these areas, thereby allowing supply fundamentals to be
tightest and that is why these are the segments of the markets that always lead the rest of
the office for rent sector in trends of rent, leasing, and ultimately investment growth.
Estimates from J.G.M properties suggest that options for large tenants will shrink as leasing
equilibrium triggers future construction. \
A representative of this Minneapolis commercial real estate company cites a quote, The
sales prices are pushed nearer to pre-recessionary peaks in the top five Skyline markets due
to favorable fundamentals and investor appetite for the high-quality product. In spite of
limited Skyline Trophy activity in New York and reduce volume, positive growth in the
office for rent sector has been recorded by New York, San Francisco, Washington D.C.,
Boston, and Seattle-Bellevue) and even in top energy markets like Houston and Denver.
J.G.M. Properties, Inc., a suburban Minneapolis commercial real estate management
company located in Minneapolis, MN suburbs, presents recent news regarding office for
rent market trends. JGMs primary focus has been on Minneapolis office for rent MN.