Austin, TX represents the nation's best bet for retail investments, according to Ten-X.austin
IRVINE, CA—Investors with a view toward expanding their retail holdings would do well to focus on the Southeast and West, according to the latest US Retail Market Outlook from Ten-X. The forecast cites robust local economies leading to steady growth as the common factor in the top five “buy” markets, led by Austin, TX.
Conversely, the Northeast and Midwest look more like sellers' markets at the moment, judging by Ten-X's top five markets in which market conditions might cause retail investors to consider selling their properties. These cities reflect several lagging economic and demographic indicators, with stagnating wages and lackluster growth outside of the major urban cores contributing to a weakened retail climate.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
