The Dallas-Fort Worth market was crowned as the real estate market with the most potential for investors in the coming year in the Emerging Trends in Real Estate 2019
report released today by PwC US and the Urban Land Institute (ULI).
East Coast markets dominated the top 10 rankings in the new report, with Dallas-Fort Worth followed by Brooklyn, North Carolina’s Raleigh-Durham metro, Orlando, Nashville, Austin, Boston, Denver, Charlotte and Tampa. This year marked the first time that Brooklyn, Orlando and Tampa cracked the top 10 in the report's 40-year history.
"The key word for real estate's future performance is transformation–in technology, in generational choices, and in a reconfiguration of preferences related to geography and property types," said ULI Global Chief Executive Officer W. Edward Walter. "The market shift, which will continue to play out over the next several years, is being fueled by consumers and tenants changing the way they shop and live, what they demand of their spaces, and by new technologies that will enable real estate to be more flexible and responsive to users' needs."
The report culled its findings from interviews and survey responses from nearly 2,400 leading real estate experts, including investors, fund managers, developers, property companies, lenders, brokers, advisers and consultants.