This is the result of research conducted by the National
Association of Realtors. Notice Saint Louis is slated to
outperform the market.
For the office sector, a stabilization in labor markets
and growth in service-sector employment reversed a downward
trend in leasing activity in the 54 metro markets tracked
during the third quarter, with net absorption rising to 4.7
million square feet, marking the first positive quarter
since the dot-com implosion in early 2001.
At the same time, approximately 26.6 million square feet
of new office space came online in these markets, 10.0
percent lower than the third quarter of 2001. The vacancy
rate rose to 16.4 percent in the third quarter from 13.1
percent a year ago, while office rents declined an average
of 8.2 percent from the third quarter of 2001. Construction
totaled 24.7 million square feet during the third quarter,
nearly 40 percent below a year ago.
Based on rent growth, the healthiest office market during
the third quarter of 2002 was the Inland Empire (Riverside,
Calif.), up 2.8 percent from a year earlier; this was
followed by a number of areas posting declines of less than
3.0 percent, including Long Island, N.Y.; Washington, D.C.;
Sacramento; Philadelphia; Stamford, Conn.; and Los Angeles.
With 1.7 million new office jobs projected in the 54
markets tracked over the next two years, net absorption is
forecast to rise to 118.8 million square feet in 2003 and an
additional 137.8 million square feet in 2004. Vacancy rates
should slide to 15.4 percent in 2003 and 13.9 percent in
2004. Average rents are expected slip 2.3 percent in 2003
before edging up 2.5 percent in 2004.
Twenty-five metro office markets are projected to
outperform other markets with above-average occupancies over
the next two years, including Washington, D.C.; New York
City; Los Angeles; Orange County, Calif.; San Diego;
Sacramento; Seattle; Charlotte, N.C.; Miami; Baltimore; St.
Louis; Long Island, N.Y.; Columbus, Ohio; Stamford;
Richmond, Va.; Inland Empire; Cincinnati; Jacksonville,
Fla.; Norfolk, Va.; Palm Beach County, Fla.; Honolulu; Las
Vegas; Indianapolis; Salt Lake City; and Fort Lauderdale,
Fla.
For the most recent forecast of the commercial real
estate market Click
Here
Back
to top
Be careful with what you tell your insurance agent. The
information in this database can impact your property's
insurability and salability. Click here for the full
article
Back
to top
Hundreds of thousands of Americans, all volunteers, are
currently risking their lives in service to this nation. All
of them have sworn to protect the Constitution and do so
with out reference to the current President or any policy.
As a former serviceman I have nothing but respect for the
duty and self sacrifice that these men and women are giving
their nation.
Here at home others who have not sworn obedience to the
Commander in Chief have a duty to debate the policies of our
government. Some believe that when our troops have gone to
war that they must support the government right or wrong.
Others are impassioned to speak out against what they
perceive as injustice. Personally I am somewhere in the
middle but I always respect my fellow citizens' right to
speak, protest and debate. Without such debate American
democracy would cease to have any meaning.
There are a number of ways that we can support our
troops. Here are just a few:
Operation Dear
Abby - Send a message to one of our military men or women
at Operation
Dear Abby
USO - Make a
donation on the
USO website
Operation
Uplink - Operation Uplink purchases phone cards and
distributes them to servicemen and women who are separated
from those they care about. Find out about their program
and make a donation at Operation
Uplink
Operation USO
Care Package - learn how you can help Operation
Care Package
Back
to top
Review all the Tax Tips
Refresher regarding Capital Gains on Home Sales - Click
Here
IRAs (and many retirement plans) may allow you the
opportunity to build
your estate with
pretax dollars - Click
Here
Personal Exemption Phase-out and Itemized Deduction
Limitations - Click
Here
Back
to top
Overheard in a
computer shop:
CUSTOMER:
"I'd like a mouse mat, please."
SALESPERSON:
"Certainly, Sir. We've got a large variety."
CUSTOMER:
"But will they be compatible with my computer?"
CUSTOMER:
"So that will get me connected to the Internet,
right?"
TECH SUPPORT:
"Yeah."
CUSTOMER:
"And that's the latest version of the Internet,
right?"
TECH SUPPORT:
"Uhh.. uh... uh... yeah."
Back
to top
Are you planning to put your house on the market or just
thinking about selling your house? For a FREE Comparative
Market Analysis online, Click Here
Back
to top
If you're out of town and need to leave us a message or
talk to us, call us at 1-888-534-7589. To speak directly to
Mark, dial 7 as soon as the recording starts and you'll be
forwarded to him between 8 a.m. and 8 p.m. Central Time.
Back
to top
We'd like to tell you about two of our
listings in particular:
1100
Rutger, St. Louis
$215,000
Click
here for Virtual Tour
Click
here for Digital Photos
If you see fireworks in your bedroom it's probably just
another Cardinal homerun. This recently rehabbed historic
three story LaSalle Park home overlooks downtown and
features a great foyer, crystal chandeliers, marble floors
in bath & kitchen, wood burning fireplace, two central
air units, thermal windows and more. Walk to work, Soulard
or the ball game or just stay home and enjoy a beautiful
home.
2208
Chippewa, South St. Louis
$79,900
Click
here for Virtual Tour
Click
here for Digital Photos
Help
design your dream house. This rehab is nearly complete,
updated plumbing, electric, thermal windows throughout, but
it needs your touch. Owner intends to install Bretwood
cabinets (see additional pictures) but is willing to
negotiate upgrades. Do not be afraid to request colors or
other improvements owner is very capable and eager to
please. Call Mark at 314-772-4663
or send
him an email for information by email.
Back
to top
