Top Buy, Sell Markets For US Retail Real Estate
These are the top five buy and sell markets for retail real estate assets in the US, according to Ten-X's US Retail Market Outlook projections.
Top buy markets, concentrated in the Southeast and West, are being driven by strong economies and growing populations due to healthy job growth. Top sell markets are being hit by sluggish economies and stagnant wages due to lackluster growth outside of urban areas, according to Ten-X.
Top Buy Markets
1) Austin, TX (pictured)
Q2 '16 Rents: $20.52/SF
2020 Rent Forecast: $24.54/SF
Q2 '16 Vacancies: 5.4%
2020 Vacancies Forecast: 5.7%
2) Miami
Q2 '16 Rents: $23.21/SF
2020 Rent Forecast: $26.98/SF
Q2 '16 Vacancies: 6.1%
2020 Vacancies Forecast: 5%
3) Fort Lauderdale, FL
Q2 '16 Rents: $17.67/SF
2020 Rent Forecast: $20.74/SF
Q2 '16 Vacancies: 9.3%
2020 Vacancies Forecast: 7.5%
4) West Palm Beach, FL
Q2 '16 Rents: $20.30/SF
2020 Rent Forecast: $22.90/SF
Q2 '16 Vacancies: 8.6%
2020 Vacancies Forecast: 8.8%
5) San Francisco
Q2 '16 Rents: $32.84/SF
2020 Rent Forecast: $36.68/SF
Q2 '16 Vacancies: 3.1%
2020 Vacancies Forecast : 3.1%
Top Sell Markets
1) Milwaukee (pictured)
Q2 '16 Rents: $13.74/SF
2020 Rent Forecast: $13.93/SF
Q2 '16 Vacancies: 11.7%
2020 Vacancies Forecast: 12.8%
2) Detroit
Q2 '16 Rents: $15.35/SF
2020 Rent Forecast: $15.29/SF
Q2 '16 Vacancies: 11.7%
2020 Vacancies Forecast: 11.6%
3) St. Louis
Q2 '16 Rents: $12.44/SF
2020 Rent Forecast: $12.82/SF
Q2 '16 Vacancies: 11.9%
2020 Vacancies Forecast: 12.6%
4) Memphis
Q2 '16 Rents: $12.28/SF
2020 Rent Forecast: $12.61
Q2 '16 Vacancies: 11.3%
2020 Vacancies Forecast: 11.6%
5) Philadelphia
Q2 '16 Rents: $18.30/SF
2020 Rent Forecast: $18.75/SF
Q2 '16 Vacancies: 10.1%
2020 Vacancies Forecast: 10.5%
