In this year’s edition of PWC’s Emerging Trends in Real Estate, both Fort Lauderdale and Miami registered leaps from a year ago in regards to the most desirable U.S. markets for real estate investment.
Fort Lauderdale soared to No. 6 among the 78 markets included in the study after placing 35th a year ago. Miami checked in at No. 11, up from 25th year over year.
Seattle, Austin, Salt Lake City, Raleigh/Durham, and Dallas/Fort Worth rounded out the top five, in that order, while West Palm Beach ranked 41st.
Fort Lauderdale’s detailed outlook found “positive sentiment regarding multifamily, industrial and single family, local economy, investor demand, and capital availability,” specifically pointing out a 12.4 percent population growth in residents ages 15 to 34 and an 8.6 percent growth in disposable income over the last five years.
The outlook is “based on an extensive survey, multiple interviews, and individual market focus groups,” per PWC. Their reasons for placing Seattle at the top (up from No. 4 last year) include strong marks for demographics and livability, cost, and technology readiness.
The full study is over here.