Best Commercial Real Estate Markets: Multi-Family

The Coldwell Banker Commercial brand is taking on the task of finding the ‘Best Markets’ for

Commercial Real Estate. Over 80 markets were ranked on two categories for each property

sector:

1) % Change in Vacancy from Q3 2012 and Q3 2013 within the market*

2) % Change in Rental Rates from Q3 2012 and Q3 2013 within the market*

Each market was ranked based on the calculation of the 2 variables, then given a total ranking.

In this scoring system, Oakland-East Bay, CA had the best rank due to a 23% drop in vacancy

and a 4.1% increase in rental rates over the period in time. Dayton, OH was the least favorable

due to a 3.6% increase in vacancy and a only a 1.2% increase in rental rates.

Top 10 Best Markets: Multi-Family 1 - Oakland-East Bay, CA

2 - Greenville, SC

3 - San Diego, CA

4 - Houston, TX

5 - Cincinnati, OH

6 - Columbus, OH

7 - Omaha, NE

8 - Syracuse, NY

9 - Tacoma, WA

10 - Orlando, FL

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11 - Baltimore, MD

11 - Jacksonville, FL

11 - Portland, OR

14 - San Antonio, TX

15 - Phoenix, AZ

16 - Minneapolis, MN

17 - Dallas, TX

17 - Tampa-St. Petersburg, FL

19 - Detroit, MI

20 - Atlanta, GA

20 - Buffalo, NY

22 - Charleston, SC

22 - Raleigh-Durham, NC

24 - Colorado Springs, CO

24 - Denver, CO

24 - Las Vegas, NV

24 - Nashville, TN

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28 - Charlotte, NC

28 - Orange County, CA

28 - Seattle, WA

31 - Cleveland, OH

31 - Columbia, SC

33 - San Francisco, CA

34 - Rochester, NY

35 - Fort Worth, TX

36 - Hartford, CT

36 - Wichita, KS

38 - Miami, FL

38 - Sacramento, CA

40 - Austin, TX

40 - Tulsa, OK

42 - San Jose, CA

43 - Boston, MA

43 - Kansas City, MO

45 - Palm Beach, FL

46 - Knoxville, TN

47 - San Bernardino/Riverside, CA

48 - Richmond, VA

48 - Tucson, AZ

50 - Chicago, IL

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51 - Oklahoma City, OK

51 - Providence, RI

53 - New Haven, CT

54 - Salt Lake City, UT

54 - Ventura County, CA

56 - Little Rock, AR

57 - Memphis, TN

58 - Suburban Maryland, MD

59 - Greensboro/Winston-Salem, NC

60 - Los Angeles, CA

60 - St. Louis, MO

62 - Suburban Virginia, VA

63 - Philadelphia, PA

64 - Northern New Jersey, NJ

65 - Fort Lauderdale, FL

66 - Pittsburgh, PA

67 - Birmingham, AL

68 - Norfolk/Hampton Roads, VA

69 - Indianapolis, IN

70 - Milwaukee, WI

71 - New Orleans, LA

71 - Westchester, NY

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Bottom Markets: Multi-Family 73 - Louisville, KY

74 - Central New Jersey, NJ

75 - Fairfield County, CT

76 - Lexington, KY

77 - Chattanooga, TN

77 - District of Columbia, DC

79 - New York, NY

80 - Long Island, NY

81 - Albuquerque, NM

82 - Dayton, OH

*Source: Reis.com

View Complete Data Source

Methodology: % change in vacancy Q3 2012 to Q3 2013, then ranked. % change in rental rates

Q3 2012 to Q3 2013, then ranked. The two rankings were added together, then a final ranking

was given.

View the final Top Markets Report with all the variables

View more at Blog.CBCWorldwide.com