Skip to main content

These Are the Hot CRE Markets to Watch in 2020


The commercial real estate arena is gearing up for a strong year in 2020. Big metros in the United States are receiving a lot of attention - especially these 5 cities.

While the country’s commercial landscape is always changing, commercial real estate professionals need to keep up with the latest trends. In their recent report titled ‘Emerging Trends in Real Estate: US and Canada’, PwC says that these are the big CRE markets to watch in 2020.

Here’s where they are and why:

Austin, Texas

Austin takes first place on PwC’s list. This popular Texas destination has quickly gained momentum throughout 2019 and is set to kick off 2020 with strong prospects.

Both the residential and commercial real estate sectors are thriving in Austin. The city offers residents and tenants a unique lifestyle that’s perfectly summed up in the area’s famous slogan: ‘Keep Austin Weird’. CRE professionals should pay attention to this officially recognized top-tier 18 hour-city.

As Austin continues to prosper, the already-high investor demand is set to continue increasing.

Raleigh-Durham, North Carolina

Ranking 2nd place, North Carolina’s city of Raleigh-Durham is a booming metropolitan market.

Raleigh-Durham’s office and multifamily market outlooks are especially impressive. According to the report, this is one of the United States’ fastest-growing tech hubs. Thanks to the surrounding area’s focus on education, demonstrated by the collection of prestigious universities and research facilities located nearby, it is attracting tons of tech professionals and companies. 

Raleigh-Durham currently has 89,000 tech-based jobs - and the number is only anticipated to grow. CRE professionals should consider investing in this growing market.

Nashville, Tennessee

Another 18-hour city came in 3rd place on PwC’s list of markets-to-watch in 2020. Nashville is a popular destination for tourism, business, and residents. The Nashville real estate market is experiencing tons of growth in terms of both investment and development.

Charlotte, North Carolina

Charlotte has moved up 5 places in PwC’s list of the year’s most popular commercial real estate metros. In 2019 they were ranked 9th place, whereas this year Charlotte made it to 4th place.

According to the report, Charlotte is one of the best places in the country to start a new business. Technology and manufacturing firms are targeting Charlotte for it’s expanding economy and tech-centric city culture.

Thanks to the local area’s profitable marketplace, Charlotte’s commercial real estate market is anticipated to reach unprecedented heights in the coming years.

Boston, Massachusetts

In fifth place is none other than Boston. This popular Massachusetts city is emerging as one of the year’s most promising destinations for commercial real estate investments and developments.

Don’t let Boston’s size fool you. It’s the hub that is propelling Massachusetts’ progression. Even though it’s smaller than most of the country’s hot metro markets, Boston has an impressive real estate scene. Both the residential and commercial sectors are thriving thanks to Boston’s strong economic prowess.

Commercial real estate professionals can benefit from entering into Boston’s commercial arena early on.

Get ahead of the game and make sure you’re keeping an eye on the country’s 5 hottest markets this new year. Include these cities in your business strategies for 2020.

Comments

Post a Comment

Popular posts from this blog

4 CRE Trends We Can Attribute to Millennials

Today’s workforce is undergoing a major shift in population. As of 2017, 56 million Millennials are either working or actively searching for work , making them the largest segment of the U.S. labor force, surpassing Gen Xers in 2016 and this will eventually lead to an impact of office space needs and what companies are looking for with new office leases.   More than one out of every three American workers is a Millennial -- more than Gen Xers and much more than Baby Boomers. And, just as every other generation that came before them, Millennials pride themselves on marching to the beat of their own drum, if you will -- wearing different clothes, listening to different music, and working differently. The very idea of where and how we work is undergoing a revolution right now, with major changes being made in physical design and decor. Here’s a closer look at 4 CRE trends we can attribute to millennials… 1. Millennials prefer non-traditional workspaces   ...
Post a Comment
Read more

NAI Emory Hill Sells Wilmington Shopping Center

  Wilmington, DE – NAI Emory Hill ( www.naiemoryhill.com ) is pleased to announce the sale of a 8,710 square foot shopping center located at 2308 Concord Pike in Wilmington, DE to The Wittig Family at DSM Commercial. Dave Morrison and Jim O’Hara Jr., of NAI Emory Hill, represented the purchaser and Seller in this transaction. This retail center is anchored by Mattress Firm, Green Drop and China Inn. The center is strategically located at the intersection of Sharpley Road and offers a great retail location along the busy Route 202 corridor. NAI Emory Hill is a completely full-service commercial and residential real estate firm serving Delaware and the surrounding counties of Maryland, New Jersey and Pennsylvania. Founded in 1981, we have the resources to design, build, finance, lease, sell, manage and maintain commercial and residential properties throughout the Mid-Atlantic . Learn more about our services at: www.propertymanagementdelaware.com www.emoryhillhomes.com
Post a Comment
Read more

PropTech 101: What CRE Professionals Should Know

Everyone in the CRE biz has doubtlessly heard the term proptech getting thrown around. Whether it’s been in article headlines, on the web, or during business conversations; ‘proptech’ has officially integrated into the commercial real estate vocabulary. Unfortunately, there isn’t always an on-hand dictionary available to help novices decode the latest and greatest CRE lingo. While proptech popularity has surely skyrocketed during 2019, some of us still may be confused as to what exactly proptech is. We’re happy to clear up the confusion; covering what proptech actually is and why CRE professionals should care. PropTech Explained The moment you’ve been waiting for is here… when you finally get a concise definition of the term PropTech. According to real estate technology experts at Forbes , proptech is ‘the acronym used to describe any technology for the real estate space.’ If that’s not clear enough, here’s another universally-accepted explanation devel...
Post a Comment
Read more