a commercial real estate company, conducted a
study into the country’s top 10 best office markets for real
estate investors. Grubb & Ellis annually measures 52 office,
industrial, retail and apartment markets against a number of
set criteria that are vital to evaluate the performance of real
estate investments.
In their annual study, the Chicago-based real estate company
selected 10 U.S. office markets that are expected to perform
particularly well over the next 5 years from 2007 through 2011.
These office markets were ranked from 0 to 100 based on 16
property, economic, and demographic factors.
According to the Grubb & Ellis 2007 Real Estate Forecast, the
following are the top 10 best office real estate markets in the
country.
1. Washington, D.C. Metro – score of 70.8.
2. Los Angeles County (California) – score of 70.2.
3. Las Vegas (Nevada) – score of 69.6.
4. Dallas/Fort Worth (Texas) – score of 68.8.
5. Phoenix/Mesa/Scottsdale (Arizona) – score of 68.8 (actually
tied for 4th).
6. Seattle/Tacoma/Bellevue (Washington State) – score of 68.7.
7. Orange County (California) – score of 66.5.
8. Orlando (Florida) – score of 64.7.
9. Houston (Texas) – score of 62.2.
10. Portland (Oregon) – score of 60.9.
According to the report, stable interest and capitalization
rates will keep the real estate market strong through 2007, and
real estate income will once again cover the appreciation
component. The report predicts that the volume of investment
transactions will stabilize in 2007, though at a high level.
With real estate income expected to soar once again, the real
estate market should be back on track as a solid
income-generating investment.
Each of the regions noted above are stronger or weaker on
different investment factors. If you are interested in
investing in commercial real estate or need office space, be
sure to seek out the services of a local commercial Realtor to
guide you through this complex transaction. An experienced
local commercial Realtor can advise you about both objective
investment criteria, as well factors unique to a particular
region based on your risk tolerance and investment objectives.
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