NEW REAL ESTATE MARKETS ARE POPPING UP

By
Mortgage and Lending with America One Mortgage Advisors CA DRE #02062657

New Property Markets Popping Up

Top real estate markets like San Francisco, Seattle and Boston have benefitted from favorable demographics and buoyant economies during the recovery. But what about, say, Oklahoma City?

Tech and energy booms and population shifts are spreading recovery to a growing list of secondary and tertiary real estate markets—including the capital of Oklahoma—according to “The Top Trends and Markets to Watch in 2013,” a new report from the researchers at commercial real estate brokerage firm Sperry Van Ness International Corp.

 

“We didn’t focus too much on the big six markets,” says Diane Danielson, chief platform officer at Sperry Van Ness. “A lot of the big six markets have matched the peak of before the recession.”

That means that places like New York City and Los Angeles have relatively less upside even as the U.S. economy continues to recover.

Instead, a growing set of real estate experts are looking to smaller markets for opportunities.

“A lot of those lesser markets are more reliant on a single industry,” says Brad Doremus, senior analyst for data firm Reis Inc.

That means a smaller market may see a quick improvement if the business it depends on improves. The Sperry Van Ness report highlights “the geography of recovery,” and the implications for multifamily and commercial real estate investments in these smaller markets. Here are four trends it outlines.

Source: http://www.nuwireinvestor.com/articles/new-property-markets-popping-up-60700.aspx

The post New Property Markets Popping Up appeared first on Property Investment.

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Christopher Shearer is a multi-family / commercial real estate consultant achieving property owners the highest possible NOI through the implementation of optimal rents for the property, accomplished through careful market, property, comparison grid analysis, effective cost control and revenue improvement programs; identify and analyze trends and recommending appropriate strategies to increase a properties maximum efficiency. Expert at Preparing new investment analysis presentations, offering memoranda and marketing materials, including key investment metrics. IRR, COC, DCR, CR etc.

A seasoned professional, with over 15 years' experience in real estate and finance management. A real estate broker licensed in Florida and Virginia specializing in real estate and asset management of multi-family and commercial properties. Christopher is currently pursuing his M.B.A. in real estate, he holds a B.A. in business as well as an A.A. in business management. Christopher has the following state licenses; Virginia Real Estate Broker, Florida Real Estate Broker, Florida Mortgage Broker and Colorado Mortgage Broker.

Contact me for a consultation and analysis of your commercial or multi-family properties.

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