We might look at a high vacancy rate as getting better. More available
space for businesses might mean lower lease prices and landlords more
willing to negotiate on a variety of issues. This could spell real
opportunities for small business in the urban core market.
Erik
On Feb 4, 2005, at 6:51 AM, Victoria Heller wrote:
".... Collier-Towle Real Estate in Minneapolis shows vacancies for the
nearly 26 million square feet of office space available downtown
.....the
amount of sublease space bumps the vacancy rate up to more than 21
percent.
That's more than four times the rate for what's considered a stable
lease
market." (MPR early 2003)
Brauer: This story is two years old! Beware selective information.
Heller: The following story is only one day old! Beware obtuse
journalists.
"According to the most recent market numbers from United Properties,
direct
office vacancy in downtown Minneapolis is still 20.9 percent, or 23.2
percent counting available sublease space". (Finance and Commerce,
2/3/05)
Heller: It's gotten WORSE in the past two years Mr. Brauer. From 21%
to
23.2% vacant, including sub-lease space.
There is no hope for any improvement in Minneapolis until journalists
start
doing their jobs. Our form of government CANNOT work without honest
and
timely information. I trust the people, but only if they have FACTS
upon
which to base decisions.
Vicky Heller
North Oaks and Cedar-Riverside
--
In cooperation,
Erik Riese
Seward US@:
A great place to live, work, learn, create and play.
(612) 724-3217
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