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 30, 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 and space for lease 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 Minnesota commercial real estate management company located in Minneapolis, MN suburbs, presents recent news regarding office for rent market trends. JGM’s primary focus has been onMinneapolis office for rent MN.

Cited Sources:

property.sulekha.com

azremagazine.com/news