2021, Best States To Invest In Real Estate.
Our clear #1 market for 2021, Raleigh-Durham ranks 3rd or better across four strategies. With its proximity to top universities, world class research facilities, a highly educated workforce, relative affordability, and increasingly walkable urban center, there is just so much to be bullish about regarding Raleigh-Durham’s future, arguably one of the nation’s hottest “work from anywhere” markets.
Austin is a market with an unfair number of competitive advantages. Strong population and job growth (with a thriving tech scene), the presence of the state capital, a major research university, and location within a tax-free state combine to provide a strong long-term outlook
Phoenix is our top market in the West. A 2020 exodus from urban CA locations has bolstered already strong underlying fundamentals. Arizona also ranked #5 for inbound moves in the Annual 2020 United Van Lines Moving Study.
Consistent population growth, low unemployment, and tight vacancies are perennial attributes of this market. Salt Lake City is maturing and becoming more institutional in nature.
As a technically land unconstrained market, Dallas-Fort Worth continues to unlock new areas of growth via fresh development. Consistent growth, a business friendly central location, and a favorable tax environment provide strong underlying fundamentals for both multifamily and industrial strategies.
Nashville ranks as one of our top markets from a 10-year growth perspective. COVID-19 may have inflicted damage upon its tourism sector in 2020 but, with a major airport expansion due to open in 2023, including new direct flights to and from Europe, it is poised to recover and reach record levels of visitors. Multifamily rents continue to grow at 4% year-over-year.
Life sciences leads the way for Boston, but it’s also a solid industrial and multifamily market. Its university cluster rates as #1 in the world, creating a concentration of intellectual capital that serves as Boston’s strategic advantage
With strong population growth, no state income tax, a business friendly environment, affordability, and a Sunbelt location, Tampa-St. Petersburg is an attractive market across nearly every asset class
Home to the world’s busiest airport, Atlanta is on the move. With a large population, the highest concentration of colleges and universities in the Southeast, and a highly educated workforce, Atlanta may still classify as a secondary market, but it’s well on its way to attaining primary market status.
Boise is leading the nation in year-over-year housing appreciation, hitting a blistering 20.1% in 2020. The California-to-Idaho movement is on and Boise is poised for strong growth across every asset class. A hidden gem, Boise is not currently an institutional market but we believe it will be later this decade.