“Smaller and secondary” are the leading themes running through this year’s top cities in the latest Emerging Trends in Real Estate 2018, released by PwC and the Urban Land Institute.

Seattle took the top spot this year because of its job opportunities, diverse economy and young, educated workforce. The city, No. 4 in 2017, ends Texas’ hold as number one over the past three years, with Austin (No. 1 in 2017) down a position to second place and Dallas/Fort Worth (No. 1 in 2016) now in fifth place. Houston (No. 1 in 2015) has dropped to 60, a fall attributed to the disruption in the energy industry. (The survey was conducted before Hurricanes Harvey and Irma.)

Salt Lake City (No. 3) and Fort Lauderdale, Fla., (No. 6) jumped into the top 10 for the first time in the study’s history, as investors look to replicate the level of success found in Denver and Miami with their competitive costs of living and high quality of life. Salt Lake City is the smallest