Top 10 Metro Areas With the Strongest Commercial Market Conditions

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NAR identified the top commercial real estate markets based on the most recent data on 25 indicators:

Economic: GDP growth, non-farm employment, unemployment rate, weekly wages, median household income, credit card spending, number of business openings

Demographic: population growth, net domestic migration

Housing: homeownership rate, rental vacancy rate, building permits, ratio of jobs created to permits, apartment rent

Commercial Indicators by Property Type: net absorption, vacancy rate, asking rent, inventory, construction

• Austin-Round Rock, Texas
• Cape Coral-Fort Myers, Florida
• Charleston-North Charleston, South Carolina
• Las Vegas- Henderson-Paradise, Nevada
• Nashville-Davidson-Murfreesboro-Franklin, Tennessee
• Phoenix-Mesa-Scottsdale, Arizona
• Raleigh, North Carolina
• Salt Lake City, Utah
• Seattle-Tacoma-Bellevue, Washington
• Tucson, Arizona