chi-jim clark (5) Jim Clark, managing principal of Chicago-based EnTrust Realty Advisors LLC.

CHICAGO—The economic recovery has reached a mature stage, and real estate markets across the US once ignored by investors now garner a lot of interest. And experts say this desire to buy in secondary markets, including value-add properties that involve more risk and higher yields, should last a considerable time, along with a generally healthy environment for real estate investment.

“The cost of living and the cost of doing business in the gateway markets is creating a demographic shift,” Jim Clark, managing principal of Chicago-based EnTrust Realty Advisors LLC, tells GlobeSt.com. For example, people and businesses have begun moving from expensive cities in California such as Los Angeles and San Francisco to cheaper metros nearby like Phoenix. The new demand will buoy these latter markets, push rental rates up, and draw in even more investors.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.