But are the actual rents going up? The answer varies, or course, by the area in each city and suburb, and within those by the neighborhood and even the block.
There's no question that those who set the rents want them to go up. We were reminded of that recently reading this story from a site that covers the market for "business centers." In the story, the writer lists Denver as one of the cities seeing an increase in occupancy in commercial buildings.
Is now the time for your business center to consider rent increases? Perhaps not. After a small increase in the first quarter, both Central Business District and suburban rents drifted lower in the most recent three-month period. Taking the various economic factors and real estate fundamentals in total, widespread rent increases are unlikely to occur this year and may not materialize until well into 2012.