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The CoStar Group recently reported that commercial real estate sales in secondary markets have been on the rise during the first quarter of 2011. Sales have increased 127 percent in Minneapolis, 108 percent in Dallas, and 89 percent in Denver. According to the report, the increase in interest and popularity is the result of more available credit and significant price increases in primary markets such as New York, San Francisco, and Washington, D.C.
New York alone saw its office prices rise 33 percent, while Washington, D.C., experienced a 21 percent increase quarter-over-quarter.
