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Boston has been ranked as the nation’s ninth top target for commercial real estate investment by CBRE’s 2023 U.S. Investor Intentions Survey.

CBRE: Meds and Eds Position Boston Ninth for 2023 CRE Investment

Boston has been ranked as the nation’s ninth top target for commercial real estate investment by CBRE’s 2023 U.S. Investor Intentions Survey.

“Despite rising cost for debt capital and fears of a potential recession, the Boston market remains one of the top markets for investors given the stability of the local economy with the meds and eds sectors leading the way,” said CBRE vice chairman Simon Butler. 

“Buyers and lenders have been increasingly selective given the Fed’s monetary policy and shifts in underwriting criteria,” added CBRE EVP Heather Brown. “But a lack of quality product and rising rents in many sectors of the market, including office, industrial and retail, still make Boston one of the most active markets in the nation.”

 The survey found that more investors are prioritizing high-performing secondary markets in 2023 (as opposed to gateway markets), particularly those with strong job and population growth prospects, which can translate into greater potential for both equity and income growth.

Top Ten CRE Investor Preferred Markets

  1. Dallas/Ft. Worth
  2. Austin
  3. Miami/South Florida
  4. Los Angeles
  5. Nashville
  6. Atlanta
  7. Charlotte
  8. Phoenix
  9. Boston
  10. Raleigh-Durham

Download the report

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Inside The Story

CBRE's Butler

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Economy
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