metro area is poised for growth in 2018, having added more than one million square feet of office space last year. – Linda Liberatore, Secure Pay One – My Landlord Helper Investors looking to lower risk are smart to consider the diversity of industries that safeguard the Midwest from the large economic swings in housing cost cycles felt on the coast. Recently rated the most affordable of the large metropolitan cities, Chicago is known as a global business center.
– Kent Clothier, Real Estate WorldwideĬhicago is ranked No. Know your fundamentals, including demand versus supply, level of affordability, rent trends and availability of mortgage credit. Look at the numbers, be sure you can make money even if the market doesn’t grow or dips a little temporarily. There are viable investments in most U.S.
Memphis, Tennessee has consistently offered value and growth.
The cost of living in the city is also low, so your money goes much further for you. It is home to many large corporations such as Coca Cola, Delta and the Home Depot (and hopefully the second headquarters for Amazon) so it has a great deal of potential investors with a great renter profile - they have great jobs and are willing to pay more for rent. – Brion Crum, Caliber:The Wealth Development CompanyĪtlanta is a great market to invest in. We continue to find opportunities to acquire properties in the Southwest that are underperforming not due to location or the economy, but lack of engaged owners and managers. Arizona continues to attract new residents and companies seeking lower taxes and a friendlier business climate than in the Midwest or on the East and West Coasts. – Gabriel Souza, Ictus Group at Decorus Realty I would advise considering South Florida. A whopping 25% of the total was in Miami, the reason being Miami’s tax advantage and, most importantly, the price per square foot, which is substantially lower than average. costing over $1 million, with 40% of those purchases in Miami, Los Angeles, and Manhattan, according to The Real Deal. – Caroline Kane, CKR Property Management, LLCįoreign buyers have dropped $7.5 billion on homes in the U.S. However, available inventory of investment properties is limited at the moment - and that’s all the more reason to have your alerts set and be on your local brokers’ mailing lists. Houston and Dallas are both seeing rental growth in B and C class product. Commercial real estate is on fire. Those who allow extra time for approvals, and room for property taxes, should be well positioned for the future. With over 2 million residents and people flocking, Austin has a critical mass to withstand the test of time and, along with it, some serious mojo. – Nikhil Choudhary, Zenith Engineers IncĪustin has a relative low cost of living, educated workforce and enviable quality of life. With the Olympics coming to Los Angeles in 2028, tech companies moving to LA because of price rise in the Bay Area and shortage of space in other parts of LA, the gentrification of DTLA is inevitable. There are guards patrolling the streets on bicycles. Below, 15 members of Forbes Real Estate Council share what cities are currently worth considering for a real estate investment.ĭowntown Los Angeles used to be unsafe, but in the past three years, the city has taken huge steps to make it safer. Plenty of metropolitan areas in North America are reaching new heights in property sales and are on the verge of popping before your very eyes. Of course, some markets are hotter than others and have been seeing sales surge in recent months.
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