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office: Medical office market strong - 12/31/07 09:42 AM
The aging population in the US is stimulating growth in the medical office building market, according to a Marcus & Millichap 2007 report.  By the end of 2007, 14.5 million square feet of medical office space is expected to be developed, up from 13.2 million square feet in 2006.  Median sales prices are up 6.4% compared to last year, with the number of transactions completed up by 9%.  Expect this trend to continue as the baby boomers move steadily into retirement, and the demand for medical services and doctors grows. 
Another new trend; in some metro markets (including Denver) physicians are … (0 comments)

office: Commercial Property types - Office - 06/11/07 11:32 AM
Even under the general heading of "office" there are many types of office buildings.  Generally they are broken up by size and class.  Here is a breakdown of the differences:
1.  Low-rise-  Above ground level, fewer than 7 stories
2.  Mid-rise-  Above ground level, between 7 and 25 stories
3.  High-rise-  Above ground level, more than 25 stories
Class A - High quality finish, modern design, accessible, highest rentsClass B - Lesser quality finish, may be somewhat outdated, typically older buildingsClass C - Fair finish but with much lower rents, may have some functional obsolescence 
… (0 comments)

 
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Jeff Tompkins

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