National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Austin Leads as Midsized Cities Offer Best CRE Prospects
Austin tops the list of U.S. markets for overall real estate prospects, according to the Emerging Trends in Real Estate 2020 report from the Urban Land Institute (ULI) and PwC. The Texas capital vaulted from sixth place last year, due partly to its first-place position for projected population growth over the next five years.
Rounding out the top five are Raleigh/Durham, Nashville, Charlotte and Boston. ULI notes that the top 10—which also includes Dallas/Fort Worth, Orlando, Atlanta, Los Angeles and Seattle—shows “a strong representation of midsized markets.”
The ULI report, which takes a deeper dive into each of the 80 top metro areas, observes that markets in the top 10 have consistently attracted investor capital. “From 2016 to 2018, these markets collectively account for 25.8% of total transaction volume; and during the first half of 2019, they kept pace with 26% of aggregate investment,” according to the report.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
- ◦Development
- ◦Sale/Acquisition
