Which Cities Are Ready For A Real Estate Rebound?
What's that sound in the distance, could it be the distant rumblings of a real estate recovery? The economy is still in flux but there are reasons to be hopeful. U.S. News & World Report has compiled a list of cities that may escape the tremendous dip in commercial real estate and be on their way to a full scale recovery. The data comes from REIS, a real estate research firm and looks at retail and office vacancy rates in the 79 biggest metro areas factoring in projections for 2010. Some of the entries on the list might surprise you (or at least they surprised me). Washington D.C. isn't shocking but Pittsburgh, Tulsa and Louisville, Kentucky are all on the list. It seems that in the commercial real estate game the smaller cities have fared better.