2015 Austin Commercial Real Estate Market attractive for Investors
Austin ranks as the sixth (6th) most desired office and investment acquisition location for domestic investors in 2015, up two spots from 2014. The only other Texas city that made the top 10 list was Dallas (Houston fell out of the top ten list likely because of energy market concerns). The cities ahead of Austin on the list are much larger in population and include locales such as San Francisco, New York, Dallas, Los Angeles and Seattle.
The survey data was generated by CBRE Group and is the opinion of 80 of their largest U.S. investors. North America Investor Intentions Survey 2015
Industrial properties are the hottest category for acquisitions, followed by Office. Austin has several large office properties on the market with the local industrial market not being big enough to impact this survey.
Austin Business Journal Article: Jan Buchholz | 4/23/15 | Big-time investors rank Austin commercial real estate among best in U.S.
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