In Friday’s commercial real estate news – we’ll look at why Austin is the best non-gateway commercial real estate market, how stricter building codes saved Florida’s Commercial buildings from Irma’s wrath, and why commercial real estate experts are watching north Birmingham.
DLA Piper, a global law firm with an interest in all things real estate, released its annual report of top U.S. cities for investment — and Austin came out on top, which is a remarkable showing.
“we had downed trees and inconvenient electrical outages, but other than some roof damage, it turned out to be pretty much a non-event on the commercial side,” says senior vice president of JLL.
The revitalization and real estate boom in Birmingham’s city center is bleeding over into a long-underutilized area–North Birmingham.
Abundant capital is flowing into the commercial real estate space, according to Avison Young, with lack of product for sale pushing up prices and causing some investors to expand their investment horizons, taking on more risk.