Real estate to stay strong in '07
A new report from a national real estate services firm is telling investors what many of them already know--Austin's a good bet in 2007.
The capital city's retail sector placed third in Integra Realty Resources' annual IRR-Viewpoint, which ranks U.S. markets with the greatest commercial real estate potential in the coming year. The report looks at the four main commercial property sectors: office, retail, industrial and multifamily. Austin's office and multifamily markets ranked fifth in their respective classes.
The booming city of Las Vegas ranked No. 1 in the office, retail and multifamily categories with Miami taking the lead in the industrial sector. Among other Texas cities, Fort Worth ranked No. 2 in the office category while Houston placed fourth in industrial.
Integra determined the rankings through a national survey and research that looked for markets with positive growth patterns, strong current conditions and enough absorption to accommodate current vacancy and planned projects.
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