10 states leading in commercial real estate development.
The commercial real estate landscape in the U.S. continues to evolve, with several states standing out in terms of development and investment opportunities in 2024. Here are ten states leading the way:
Texas: Particularly cities like Austin, Dallas/Fort Worth, and Houston. These areas continue to attract significant commercial real estate investments due to their growing populations and strong job markets.
Florida: Miami and Orlando are notable for their robust real estate markets. The state's favorable tax policies and influx of new residents contribute to its growth.
Georgia: Atlanta remains a key market, drawing investments with its diverse economy and growing tech sector.
North Carolina: Charlotte and Raleigh are prominent for their commercial real estate developments, supported by a thriving financial sector and strong population growth.
Arizona: Phoenix is a standout city, benefiting from a growing population, favorable business climate, and significant infrastructure investments.
Tennessee: Nashville is rapidly expanding, driven by a booming healthcare industry and increasing corporate relocations.
Nevada: Las Vegas is seeing growth in both hospitality and industrial sectors, supported by its strategic location and economic diversification efforts.
Colorado: Denver continues to be a leading market, driven by a strong economy, tech industry growth, and high quality of life.
Washington: Seattle remains a key player, with strong tech and life sciences sectors fueling commercial real estate development.
South Carolina: Charleston and Greenville are emerging markets, benefiting from manufacturing growth and a favorable business environment.
These states are thriving due to a combination of economic growth, favorable business conditions, and strategic investments in infrastructure and technology.
By Commercial Partners of Texas, a commercial real estate lender in Texas and nationwide.
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