The Top Cities in America for Commercial Real Estate
With everyone across the country worrying about the novel coronavirus, it may seem like a rough time to purchase property anywhere in the country. But with the Federal Reserve dropping interest rates to 0%, these uncertain times might just be an ideal situation for anyone looking to invest in commercial real estate properties.
While every market has advantages and disadvantages, some cities have proven that their commercial real estate opportunities are among the best in the nation. Looking at a number of different factors, here are some of the top markets for investing in commercial real estate in 2020.
Austin, TX
Leading the charge is Austin, TX, which has seen significant growth in the past decade. With expectations to lead the country in job growth this year, as well as an Apple campus on the way, Austin is a leading destination for millennials, businesses and other commercial real estate opportunities. While it may be difficult (and expensive) to purchase property in this popular southern city, the market looks to be growing exponentially and should be a hot destination for years to come.
Dallas, TX
Staying in the state of Texas, Dallas has been a major market for years and continues to show signs of growth. As one of the leaders in the country in infrastructure spending, Dallas is preparing for heavy growth in both residential and commercial real estate. With a metro line set to debut in the next couple years that will connect the city with the DFW International Airport, along with plans to open an Amazon Air hub in neighboring city Fort Worth, look for Dallas to stay in the top 10 cities for economic growth over the next decade.
Orlando, FL
Often considered a tourist destination, this sunny Floridian city has shown signs of significant economic opportunities in commercial real estate in recent years. Surpassing 2 million residents, Orlando is continuing to grow and rental opportunities are plentiful. Along with Tampa and Jacksonville, these radiant markets should keep investors interested in spending money in the Sunshine State.
Atlanta, GA
As the projected leader in rent growth, Atlanta is looking quite peachy for many commercial real estate investors. With many people moving out of the city and into the surrounding suburbs, the potential for buying low and selling high in a hip neighborhood is abundant. Atlanta has a wide range of both developed and established areas and up-and-coming territories, making it an ideal location to purchase property.
These are just a few of the top places in the country to purchase commercial real estate. It’s up to you to decide what type of property you are looking to purchase and how the market will react.
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