---
title: 2013 Real Estate Market Looking Up
description: Curious about the 2013 Real Estate Market? CERRON has the answers to all your Commercial Real Estate Questions as we provide property solutions for you-with you!
---

[APPRO and CERRON Blog](https://blog.approdevelopment.com)

# [2013 Real Estate Market Looking Up](https://blog.approdevelopment.com/financial-topics/2013-real-estate-market-looking-up)

 Written by [Roz Peterson](https://blog.approdevelopment.com/author/roz-peterson) | Jan 21, 2013 1:25:51 PM

The 2013 Real Estate Market is looking up as - The National Association of [Realtors](http://www.approdevelopment.com/) forecast that things are going in the right direction! Expect to see gains in new and existing home sales. [Commercial real estate](http://www.approdevelopment.com/) is seeing vacancy drop and rent growth across all [property](http://www.approdevelopment.com/) types. They also foresee job growth by 2 million this year and 2.6 million next year. This is all good news for our country including a projected 3% increase in GDP by 2014. These national trends are also reflected in our state of [Minnesota](http://www.approdevelopment.com/).

<https://blog.approdevelopment.com/hs-fs/file-1034967432-jpg/blog-files/nar_00011.jpg>

Markets vary across the [Twin Cities](http://www.approdevelopment.com/) metro as noted by this chart:

**Submarket Vacancy Ranking-Retail**

| **Rank** | **Submarket** | **Vacancy Rate** | **YOY Basic Point Change** | **Effective Rents** | **YOY % Change** |
| --- | --- | --- | --- | --- | --- |
| 1 | West Hennepin County | 6.1% | -40 | $18.35 | -.3% |
| **2** | Washington County | 6.4% | 30 | $13.85 | .8% |
| **3** | Dakota County | 8.7% | -40 | $12.37 | .2% |
| **4** | Anoka County/SE Sherburne | 8.9% | 80 | $11.17 | .3% |
| **5** | St. Paul | 10.1% | 40 | $13.86 | .7% |
| **6** | E Hennepin Cty/Minneapolis | 10.7% | -10 | $16.37 | .7% |

The bottom line is that markets vary not only on rent but availability. It is important to use a qualified [broker](http://www.approdevelopment.com/) like [Cerron](http://www.approdevelopment.com/) to help with your [real estate](http://www.approdevelopment.com/) needs. Interest rates are projected to remain low while unemployment is high. SBA has proven to be a great lending tool option for owners. [1031 exchanges](http://www.approdevelopment.com/) have not been affected by current legislation and remain a viable alternative to avoid the increased capital gains tax. Call us at 952-469-9444 or email me at [rozp@cerron.com](mailto:rozp@cerron.com) to answer any questions you may have. 2013 Real Estate Market is looking up indeed!

[View full post](https://blog.approdevelopment.com/financial-topics/2013-real-estate-market-looking-up)

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