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Look South and West for Retail 'Buy' Markets

IRVINE, CA—The common element in the top five retail markets for investment opportunities: strong local economies leading to steady growth, says Ten-X.

By Paul Bubny | Updated on October 25, 2016
Austin, TX skyline 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.

Along with Austin, three Florida cities—Miami, Fort Lauderdale and West Palm Beach—along with San Francisco all are predicted to have healthy long-term growth in rent, NOI or both. With the exception of West Palm Beach, all of these cities are seeing little new supply added.

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