What do North Carolina, Alabama, Florida, Georgia, South Carolina and Tennessee have in common when it comes to commercial real estate? Potential.
Over the last three to four years, the Southeast has experienced the greatest population growth in the United States offering loads of potential for commercial real estate investors and property managers alike. According to a 2016 CBRE Market Outlook report, the region’s roots can support this rapid growth that is occurring while also providing room for expansion in the future due to the area’s affordability and appeal for both businesses and residents.
Retiring baby boomers comprise a significant percentage of this population boost, as the Southeast offers a warm climate as well as an urban environment. Simultaneously, millennials are being drawn into the Southeast due to its reliable infrastructure, advanced manufacturing and low cost of living.
Want to learn more about this CRE phenomenon and where you should look to invest? Check out the full article here.