Dallas/Fort Worth in Texas is the leading US region for commercial property investment, according to a survey of around 1,500 real estate executives for the Urban Land Institute and PricewaterhouseCoopers.
Next in the survey was Austin, also in Texas, followed by Charlotte in North Carolina.
Investors are shying away from primary markets – coastal cities such as New York and San Francisco – which have already experienced sharp price rises. These cities are now providing slower and steadier growth, said Mitch Roschelle, a partner in PwC’s real estate advisory service.
