Best Commercial Real Estate Markets: Retail

The Coldwell Banker Commercial brand is taking on the task of finding the ‘Best Markets’ for

Commercial Real Estate. Over 80 markets were ranked on two categories for each property

sector:

1) % Change in Vacancy from Q3 2012 and Q3 2013 within the market*

2) % Change in Rental Rates from Q3 2012 and Q3 2013 within the market*

Each market was ranked based on the calculation of the 2 variables, then given a total ranking.

In this scoring system, Hartford, CT had the best rank due to a 7.2% drop in vacancy and a 2.4%

increase in rental rates over the period in time. Cleveland, OH was the least favorable due to a

3.3% increase in vacancy and a only a 0.07% decrease in rental rates.

Top 10 Best Markets: Retail 1 - Hartford, CT

2 - Orlando, FL

3 - Austin, TX

4 - Minneapolis, MN

5 - Fort Worth, TX

6 - Fairfield County, CT

7 - Dallas, TX

8 - Memphis, TN

9 - Northern New Jersey, NJ

10 - Houston, TX

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11 - Norfolk/Hampton Roads, VA

12 - Raleigh-Durham, NC

13 - Louisville, KY

14 - Fort Lauderdale, FL

15 - Phoenix, AZ

16 - Orange County, CA

17 - Boston, MA

18 - San Diego, CA

19 - New Orleans, LA

20 - Baltimore, MD

21 - San Jose, CA

22 - Portland, OR

22 - New Haven, CT

24 - Charleston, SC

24 - Cincinnati, OH

24 - Las Vegas, NV

24 - Seattle, WA

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28 - Salt Lake City, UT

28 - Knoxville, TN

28 - Pittsburgh, PA

31 - Richmond, VA

31 - Palm Beach, FL

33 - Columbus, OH

33 - Long Island, NY

35 - Suburban Virginia, VA

36 - Los Angeles, CA

37 - Rochester, NY

37 - Birmingham, AL

37 - Central New Jersey, NJ

40 - Omaha, NE

40 - Ventura County, CA

40 - Chicago, IL

43 - Charlotte, NC

44 - Kansas City, MO

45 - Denver, CO

46 - Tucson, AZ

47 - Westchester, NY

47 - Oklahoma City, OK

49 - Atlanta, GA

50 - Syracuse, NY

50 - Albuquerque, NM

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52 - Nashville, TN

52 - Suburban Maryland, MD

54 - Providence, RI

54 - Miami, FL

54 - Greensboro/Winston-Salem, NC

54 - Little Rock, AR

58 - Tulsa, OK

59 - Indianapolis, IN

60 - St. Louis, MO

61 - San Francisco, CA

62 - Milwaukee, WI

63 - San Bernardino/Riverside, CA

64 - Detroit, MI

64 - Colorado Springs, CO

66 - Greenville, SC

67 - San Antonio, TX

67 - Sacramento, CA

69 - Wichita, KS

69 - Tampa-St. Petersburg, FL

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Bottom Markets: Retail 71 - Oakland-East Bay, CA

72 - Tacoma, WA

73 - Dayton, OH

73 - Philadelphia, PA

75 - Chattanooga, TN

76 - Lexington, KY

77 - Columbia, SC

78 - Buffalo, NY

78 - Jacksonville, FL

80 - Cleveland, OH

*Source: Reis.com

View Complete Data Source

Methodology: % change in vacancy Q3 2012 to Q3 2013, then ranked. % change in rental rates

Q3 2012 to Q3 2013, then ranked. The two rankings were added together, then a final ranking

was given.

View the final Top Markets Report with all the variables

View more at Blog.CBCWorldwide.com