IMG investment markets among the top real estate prospects in 2023
The latest Urban Land Institute (ULI) Emerging Trends in Real Estate report names several IMG investment markets among the top U.S. markets to watch in 2023.
Following in-depth analysis and surveys with industry professionals, the annual report “provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada.”
Atlanta ranked No. 3 overall and joined other IMG targeted investment metros in the top ten: Tampa/St. Petersburg (No. 5), Raleigh/Durham (No. 6), and Charlotte (No. 10). San Antonio, Denver and Seattle also scored high on the list of U.S. markets to watch in 2023 based on overall real estate prospects.
Further supporting IMG’s IPA™ investment philosophy, the report notes that “the pandemic seems to have reinforced some trends, notably the dominance of what we called the ‘Magnet’ markets… These markets are large and diverse but still affordable, forming powerhouse economies that attract a wide range of businesses. Despite their large population bases, most are among the fastest-growing markets in the United States. Moreover, their economic performance has been solid through thick and thin.”