Emerging Real Estate Trends: Buy Infill, Avoid Suburbs
11/9/2009 11:55:43 PM
HTML clipboardBuy apartments, hotels, land and distressed properties, but focus on infill
while avoiding the fringes; hold onto office buildings until the market
improves; look for deals in shopping malls, but only in upscale areas.
Oh, and go ahead and grab that Miami Beach ocean-view condo you've had your eye
on.
That was the advice to real estate investors from experts in a webcast release
WalletPop tapped into this week for the Emerging Trends in Real Estate 2010
Report, co-sponsored by the Urban Land Institute and PricewaterhouseCoopers LLP.
The top 10 strongest markets for real estate investment remained largely
constant from previous reports, all strong business districts with close-in
residential development and mass transportation, many of them adjacent to water.
Many have suffered, of course, but they seem to be recovering faster than other
areas.
- Washington, D.C.
- San Francisco
- Boston
- New York
- Houston
- Seattle
- Denver
- Dallas
- Los Angeles
- San Diego (identified as having "the nation's best climate")
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