Top 10 commercial real estate markets in 2021

Since the pandemic, commercial real estate has faced many challenges, but some markets are rebounding and are expected to improve significantly in 2021. In particular, real estate investment trusts and multi-family and industrial real estate are expected to be part of it. The strongest sector in the business industry this year.

The National Association of REALTORS® announced its selection of top commercial real estate markets at its first virtual commercial real estate forecast summit held on Wednesday, with a view to focusing on 2021. The event featured a panel of leading economists discussing the impact of the pandemic on commercial real estate. During the event, NAR released a report announcing the following top ten commercial real estate markets in 2021 (listed in alphabetical order):

Round Rock, Austin, Texas

Coral Fort, Cape Myer, Florida.

Charleston-North Charleston, South Carolina

Las Vegas-Henderson-Paradise, Nevada

Nashville-Davidson-Murfreesboro-Franklin, Tennessee.

Phoenix-Mesa-Scottsdale, Arizona.

Raleigh, North Carolina

Salt Lake City

Seattle-Tacoma-Bellevue (Washington-Tacoma-Bellevue).

Tucson, Arizona.

NAR chief economist Lawrence Yun (Lawrence Yun) said: “The top commercial real estate market that is expected to lead the rest of the country is usually affordable and can attract new residents who have greater flexibility to work from home.” The growing market also provides lower office and retail rents, so it can attract new and expanding businesses.”

NAR determines the top 10 markets by considering 25 indicators, which reflect the economic, demographic, housing and commercial market conditions of the region in the areas of multi-family, office, industrial, retail and hotel properties. Some of the factors that are weighed include GDP growth, unemployment rate, median household income, consumer spending, number of businesses, population growth, and building permits.