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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.

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