Most and Least Attractive Cities for Investment
The commercial real-estate cycle appears to have reached its peak and will begin pulling back in 2007. According to a recent report dubbed Emerging Trends in Real Estate 2007, cities ranked the most and least attractive for investments among the 15 largest U.S. metro areas include:
Best to BuyBest to Sell
Office Seattle Philadelphia
Apartment San Francisco Philadelphia
Retail New York Philadelphia
Warehouse New York Boston
Sources: Urban Land Institute; PricewaterhouseCoopers
The survey consisted of 600 real estate industry officials including developers, investors, brokers, consultants and lenders.
WSJ, Oct 18, 2006