In the United States, real estate is a significant market to keep up with, especially as our society continues to evolve. Commercial real estate, to be specific, counts for a significant portion of the real estate market and does not show signs of slowing down. This year, major cities across the nation will be taking on new commercial real estate projects. For this to be successful, potential investors should know what the best cities are right now for commercial real estate.
Los Angeles, California
Los Angeles, California is one of the biggest and most popular cities in the United States, with approximately four million residents. With a growing population and economy, Los Angeles has become a great city for commercial real estate. In the coming years, experts believe that technology companies will be making their way to Los Angeles, especially as San Francisco continues to see higher costs of living. As these companies start making their way to Los Angeles, the need for commercial real estate will significantly increase, making it a strong, healthy market for commercial real estate.
Each year, more Americans are moving to Phoenix, Arizona permanently for a variety of reasons. To begin, Phoenix has a population of 1.6 million people, and new residents continue to arrive each year. The weather in Phoenix in the winter is mild, making it a great winter destination for retired residents who do not want to battle difficult winters anymore. They typically begin to arrive in Phoenix from October until April, which has helped the city thrive.
Atlanta, Georgia is another attractive destination for Investing in commercial real estate. Major companies, including Coca Cola and the Home Depot, have their headquarters located in Atlanta, which has helped their economy thrive. With so many opportunities within the job market, Atlanta can be a great city to invest in. Additionally, Atlanta is home to numerous Universities, which attracts young adults with a lot of drive to succeed.
This great city attracts more people each year, creating a healthy society for job growth. Memphis, Tennessee has a great Southern charm that makes it such a great destination for both visitors and residents. With affordable properties throughout the city, investors can find the property that they envisioned.
For potential investors who are not able to relocate to another state should explore the options within their state that can fit their plan. Before making the final decision, it is important to research the area first, to ensure that it is the best route. Commercial real estate in a city can provide a lot of great opportunities for the future.
About The Author
Jack Nourafshan is a distinguished real estate development professional and entrepreneur in Los Angeles, California. He is the President of Reliable Properties, a real estate acquisition, development and management company in the Los Angeles area. Jack has over 30 years of professional experience that has made him known as a leader in the industry. Jack Nourafshan started a blog on entrepreneurship to share his insight and experiences for aspiring entrepreneurs.