Emerging Trends in Real Estate: Fort Lauderdale Jumps into Top 10 Spot for First Time
In the latest PwC and ULI’s Emerging Trends in Real Estate® 2018, Fort Lauderale has jumped to a top 10 spot for the first time ever. The report states that "smaller and secondary" are the themes running through this year's report.
Also from the report: Salt Lake City (#3) and Fort Lauderdale (#6) jumped into the top 10 for the first time in the study’s history as investors look to replicate the level of success found in Denver and Miami with their competitive costs of living and high quality of life. Salt Lake City is the smallest market ever to make the top 10.
Manhattan experienced the largest year-over-year negative move to number 46, due to the high cost of assets and over-saturation of construction in the area, with what many interviewed said were “too many cranes in the skyline.”
The Top 10 Markets in Emerging Trends in Real Estate® 2018:
Salt Lake City, UT
Dallas/Ft. Worth, TX
Fort Lauderdale, FL
Los Angeles, CA
San Jose, CA