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RAA SPONSORED: Clarion Partners – The Sun Belt’s ongoing boom
JULY 1, 2024

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RAA SPONSORED: Clarion Partners – The Sun Belt’s ongoing boom

by Jennifer Babcock

The ongoing growth in the Sun Belt region of the United States — with continued population growth in this typically more affordable region, and lower state, income and property taxes — has buoyed many real estate investors, according to a report by Indraneel Karlekar, managing director and global head of investment research with Clarion Partners, and Julia Laumont, vice president, investment research with Clarion Partners, which was published in the July/August issues of Institutional Real Estate Americas and Real Assets Adviser. “Through 2030, anticipated economic growth will be outsized in California, Texas and Florida,” indicate the report’s authors. “Many other Sun Belt areas will also become increasingly popular destinations for professionals, families, retirees and world travelers. Most importantly, the expanding ‘innovation’ economy in the West and South is expected to become increasingly dominant and will continue to attract top talent and

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