When you’re looking to make an investment, you want to put your wealth towards something that will yield you some sort of return. That’s why, when looking to invest in commercial real estate, you want to make sure your chosen property falls in a lucrative market to yield you the highest profits. Year after year, the list of ‘hottest’ markets updates to best reflect what the current state of real estate investing throughout the nation, and the predictions for 2017 are in. Here are a few of the hottest markets for commercial real estate investment throughout America.
- Brooklyn, New York
- It shouldn’t come as a surprise that this neighborhood continues to find itself on the up and up in real estate markets. As people are looking to leave the cacophony of Manhattan without being forced to leave the city, the charm and allure of Brooklyn heralds to many. With $7.8 billion of property trading hands in 2016 alone, it looks like the neighborhood is projected to continue to hold the lead as far as hot markets go.
- Atlanta, Georgia
- According to the 2016 CBRE America’s Investor Intentions Survey, Atlanta is the sixth highest ranking city in terms of attractiveness to potential real estate investors. Atlanta has also been receiving a lot of attention lately for other reasons; the foodie scene in this city has started to earn critical acclaim, so much so that it’s earned the title of the South’s new foodie capital. Consider this an added bonus of investing in the area.
- Seattle, Washington
- Although it hit some hard times a few years ago, the Seattle housing market bounced back with a bang. In November of 2016, the cost of an average single-family home had risen by 10.4% from a year prior. The growth of the population of the city is expected to hold steady at nearly double the national rate, and Seattle is hanging onto the position of the second hottest market of 2017.
- Nashville, Tennessee
- Nashville has more to offer than just country music and great food; this year, for the first time since 2007, the market sales were surpassed by market closings. Due to this, and the rapidly growing demand for property within the area, Nashville landed the coveted #1 spot on Zillow’s list of hottest real estate markets for 2017.