Companies are moving to affordable cities that can offer its employees walkability, culture, and good public transit systems. A new study found that Nashville ranks higher than New York in a list of such cities.
MarketWatch reports that PricewaterhouseCoopers worked together with the Urban Land Institute to release their annual “Emerging Trends in Real Estate 2016” report. Included in the report is the survey results of “1,800 real-estate investors, fund managers, developers, property companies, lenders, brokers, advisers, and consultants who were asked where they’d allocate capital in the future.
The top 10 cities on the list were Dallas/Fort Worth, Austin, Charlotte, Seattle, Atlanta, Denver, Nashville, San Francisco, Portland, Ore., and Los Angeles. The largest city in the U.S., New York, was ranked number 15.
Advertisement
Related Stories
Economics
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
