Following last week’s predictions that the commercial real estate is poised for post-COVID growth, the National Association of Realtors is out with its Commercial Real Estate Metro Market Conditions Index for the first quarter of 2022. The big headline: Florida is dominating both residential and commercial real estate.
Florida held the top five hottest commercial real estate metro markets, including Orlando, Miami, Palm Beach, Fort Lauderdale and Fort Myers. In fact, Southern cities made up 11 of the top 16 commercial markets, including Savannah, Austin, Atlanta, Asheville, Charleston and Nashville.
Riverside was the only California city to make the list, coming in at no. 9. The full top 16 include:
- Orlando-Kissimmee-Sanford, Florida
- Miami, Florida
- West Palm Beach-Boca Raton-Delray Beach, Florida
- Fort Lauderdale, Florida
- Fort Myers, Florida
- Savannah, Georgia
- Austin, Texas
- Boston-Cambridge-Nashua, Massachusetts
- Riverside, California
- Atlanta, Georgia
- Asheville, North Carolina
- Las Vegas-Henderson-Paradise, Nevada
- Bend-Redmond, Oregon
- Charleston-North Charleston, South Carolina
- Nashville-Davidson-Murfreesboro-Franklin, Tennessee
- Provo-Orem, Utah