Top 10 Metro Areas With the Strongest Commercial Market Conditions

Top 10 Commercial Markets 2021
Logo: Real Estate Forecast Summit: Commercial Update

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NAR identified the top commercial real estate markets based on the most recent data on 25 indicators:

Economic: GDP growth, non-farm employment, unemployment rate, weekly wages, median household income, credit card spending, number of business openings

Demographic: population growth, net domestic migration

Housing: homeownership rate, rental vacancy rate, building permits, ratio of jobs created to permits, apartment rent

Commercial Indicators by Property Type: net absorption, vacancy rate, asking rent, inventory, construction

  • Austin-Round Rock, Texas
  • Cape Coral-Fort Myers, Florida
  • Charleston-North Charleston, South Carolina
  • Las Vegas- Henderson-Paradise, Nevada
  • Nashville-Davidson-Murfreesboro-Franklin, Tennessee
  • Phoenix-Mesa-Scottsdale, Arizona
  • Raleigh, North Carolina
  • Salt Lake City, Utah
  • Seattle-Tacoma-Bellevue, Washington
  • Tucson, Arizona