Monday, August 27, 2018

Forbes’ 2018 Top Cities for Commercial Real Estate Development



Real estate developer Michael Snedeker is a graduate of the University of Massachusetts. Focused on commercial construction, Boston, Massachusetts, resident Michael Snedeker keeps abreast of the top locations for commercial property development. 

In April 2018, Forbes’ Real Estate Council shared their top cities for real estate development. Here are the top two cities for commercial real estate development:

- Downtown Los Angeles, California. Following an increase in commercial property prices in the Bay Area, as well as a shortage of available space in neighboring locations, Downtown Los Angeles is beginning to attract commercial real estate development. Additionally, the city has beefed up security in the area and taken considerable steps to make it safer ahead of the 2028 Los Angeles Olympics. 

- Austin, Texas. Austin’s commercial real estate market is heating up. Bolstered by a 2-million-strong population that is still growing, an educated workforce, and affordable cost of living, Austin is attracting commercial real estate developers who can make due with the property taxes and longer approval times. 

Other cities in the top ten included Miami, Florida for an attractive hub for foreign buyers, Phoenix, Arizona for tax advantages and friendly business climate, and Atlanta, Georgia for strong renter profile including large corporations like Coca-Cola.

Friday, August 3, 2018

LIBR Rescues English Bulldogs