« previous   misc   next »

Frankfurt Turns Offices to Homes as Excesses Lift Vacancy


By Patrick   Follow   Fri, 9 Nov 2012, 3:05am PST   545 views   3 comments
Watch (0)   Share   Quote   Permalink   Like (1)   Dislike  

http://www.bloomberg.com/news/2012-11-08/frankfurt-turns-offices-to-homes-as-excesses-lift-vacancy.html

Such projects will account for more than a fifth of the homes coming onto the market this year, city government data shows. Office owners dont have the interest or funds to renovate buildings from the 1970s, so they put their old properties on the market, said Vankadari, 48, a founding partner at Frankfurt-based Mercer Street Capital GmbH. We started focusing on buying office buildings when residential prices became too expensive.

Comments 1-3 of 3     Last »

zzyzzx   Fri, 9 Nov 2012, 3:19am PST   Share   Quote   Permalink   Like   Dislike     Comment 1

I was wondering if this was ever going to happen in the US, since we have so much vacant retail space.

thomaswong.1986   Fri, 9 Nov 2012, 12:50pm PST   Share   Quote   Permalink   Like   Dislike     Comment 2

zzyzzx says

I was wondering if this was ever going to happen in the US, since we have so much vacant retail space.

already happening for some time... more and more commercial land rezoned to residential opening up new developments...

and with city/counties going into the deep debt, they may well start selling land for development.

SF South Bay has about 20% R&D vacancy .. 25% in North SJ/Milpitas/Fremont area.

REpro   Sat, 10 Nov 2012, 3:44pm PST   Share   Quote   Permalink   Like   Dislike     Comment 3

Metropolitan Office Rankings (Q3 2012)

Based on 190 U.S. Markets

Value: Rent GrowthVacancy Rate

151.

Indianapolis, IN

20.4%

152.

Macon, GA

20.4%

153.

Jacksonville, FL

20.5%

154.

Atlanta, GA

20.6%

155.

Elkhart, IN

20.6%

156.

San Jose, CA

20.6%

157.

Cleveland, OH

20.7%

158.

Sarasota, FL

20.9%

159.

Scranton/Wilkes-Barre, PA

20.9%

160.

Greensboro/Winston-Salem, NC

21.1%

161.

Rockford, IL

21.5%

Patrick is moderator of this thread.

Email (Required, will not be visible)

Username (Just pick a name if you're new)

Watch comments by email

home   top   share   link sharer   users   register   best of   about   questions or suggestions? write p@patrick.net