Grubb & Ellis, a commercial real estate company, conducted a study in the country's top 10 best office markets for real estate investors. Grubb & Ellis annually measures 52 offices, industrial, retail and apartment markets against a number of criteria that are vital for assessing the performance of real estate investments.
In its annual, real estate company based in Chicago selected 10 U.S. office markets, which are expected to perform particularly in the next 5 years from 2007 until 2011. These markets are classified office of 0-100 based on 16 properties, economic, and demographic factors.
According to Grubb & Ellis 2007 Real Estate El Tiempo, the following are the 10 best real office property markets in the country.
1. Washington, DC Metro — score of 70.8.
2. County of Los Angeles (California) – The score of 70.2.
3. Las Vegas (Nevada) – The score of 69.6.
4. Dallas / Fort Worth (Texas) – The score of 68.8.
5. Phoenix / Mesa / Scottsdale (Arizona) – The score of 68.8 (actually tied for 4th).
6. Seattle / Tacoma / Bellevue (Washington State) – The score of 68.7.
7. Orange County (California) – The score of 66.5.
8. Orlando (Florida) – The score of 64.7.
9. Houston (Texas) – The score of 62.2.
10. Portland (Oregon) – The score of 60.9.
According to the report, stable interest and capitalization rates the housing market remain strong through 2007, and real estate revenues will cover the recognition component. The report predicts that the volume of investment transactions will stabilize in 2007, although at a high level. With the entry of real estate expected to soar once again the housing market should again be a solid income-generating investment.
Each of the regions mentioned above are stronger or weaker in the different investment factors. If you are interested in investing in commercial real estate or office space required, be sure to look the services of a commercial real estate agent local to guide you through this complex transaction. An experienced local commercial Realtor can advise on the criteria investment objectives, in addition to factors unique to a particular region based on their risk tolerance and investment objectives.
450 West California Blvd