Publications

- November 1, 2019: Vol. 6, Number 10

Austin named No. 1 city for real estate

by Andrea Zander

Austin is the top city for real estate investment, rising from sixth place a year ago to first in overall real estate prospects and from fourth to first place in local expectation of investor demand in 2020, according to the Emerging Trends in Real Estate report by PwC and the Urban Land Institute.

The capital of Texas was followed by the Raleigh/Durham, N.C. metro area and Nashville. Charlotte, N.C., landed in fourth place, while Boston was ranked fifth.

The top 10 markets for real estate in 2020 are listed as:

  1. Austin
  2. Raleigh/Durham, N.C.
  3. Nashville, Tenn.
  4. Charlotte, N.C
  5. Boston
  6. Dallas/Fort Worth
  7. Orlando, Fla.
  8. Atlanta
  9. Los Angeles
  10. Seattle

The report notes the top-10 ranking is heavy on midsized markets, with half of the markets ranging in population size from 1.9 million to 2.6 million, as well as ranking high in projected population growth and net migration. Larger metros such as Atlanta and Dallas also rate highly in anticipated growth.

Markets rated in the top 10 by PwC/ULI research have consistently attracted investor capital. From 2016 to 2018, these markets collectively accounted for 25.8 percent of total transaction volume; and during the first half of 2019, they kept pace with 26.0 percent of aggregate investment.

Download the complete report at this link: https://pwc.to/2B1atCP.

 

Andrea Zander is editor of website content for Institutional Real Estate, Inc.

 

 

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