Austin, TX
The Austin metro area continues to be one of the fastest growing markets in the nation. Expectations for another year of above average growth have investors actively seeking out shopping centers and restaurants and apartment complexes. Cap rates are good, and the favorable demographic and employment outlooks continue to attract out-of-state investors to the area. Dallas/Fort Worth is also worth a look, as developers and investors continue to focus along the paths of high growth. Houston's retail outlook is also favorable, with high cap rates, and a lot of investment capital. Private investors are expected to target value-added deals, including older strip centers.
Boston, MA
NLarger shopping centers will continue to attract REIT investment capital. Newer strip centers with cap rates in the high 7's will be in high demand, and top-quality assets placed on the market will get top dollar offers.
Denver, CO
Out-of-state investors are looking again at top-tier assets in growth areas southeast and northwest of Denver. Strip centers in central Denver and Aurora are popular, and retail construction will continue to go forward. The tech market is rebounding, and employers are forecasting new jobs in the area.