Minneapolis, Dallas, Denver among most popular commercial real estate markets

Commercial real estate sales were up in Minneapolis, Dallas, Denver and Houston.According to a recent report from the CoStar Group, Minneapolis, Dallas and Denver were among the most popular real estate markets for commercial properties during the first quarter of 2011.In Minneapolis, commercial real estate sales were up 127 percent, while Dallas' and Denver's sales rose by 108 and 89 percent, respectively. Overall, national commercial real estate sales were up 47 percent.According to CoStar, these secondary markets are becoming popular, as more credit is now available and primary markets, such as New York, Washington and San Francisco, experience significant price increases.In addition to Minneapolis, Dallas and Denver, the Houston real estate market for commercial properties gained traction during the quarter, using the availability of jobs and surging population to entice investors.”It's a story of investors gradually embracing risk,” Robert Bach, chief economist for the Santa Ana, California-based brokerage firm Grubb & Ellis, told Bloomberg. “They're looking at other markets to deploy cash.”In the larger markets, office prices saw increased gains. These prices grew by 33 percent in New York and 21 percent in Washington, D.C. quarter-over-quarter.?Courtesy of 2M Realty News

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