According to the 2019 Americas Investor Intentions Survey, CBRE,
The Top Ranked (Tier I) Metros for Investment in the Americas include
- Seattle, San Francisco/Northern California, Los Angles/Southern California
- Miami/South Florida, Washington D.C., New York, Boston
The Tier II Metros for Commercial Investment include
- Portland, San Diego, Denver, Phoenix
- Minneapolis/St. Paul, Dallas/Ft. Worth, Austin, Houston
Tier III Metros for Commercial Investment include
- Las Vegas
- Orlando, Tampa/St. Petersburg
In Canada: Toronto
In Latin America: Mexico City
Three Texas cities, Dallas/Ft. Worth, Austin, and Houston appear in the Tier II category, the middle market. As with property classes, being in the middle has its benefits. Market sections move around. In good times and with infrastructure investment, the lower tier markets move up and in times of recessions or obsolescence, businesses in the upper tiers may relocate to cheaper markets to save money.
There is much to consider when investing in commercial real estate. Really the only thing you can tell from this data is that the investors surveyed, whatever their market, were intending to invest in these cities in 2019.
REI Capital Resources is a direct lender as well as a broker of funding solutions. We offer short and long-term financing options for your real estate investment needs.
We are “focused on funding your success!”