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Top 10 Markets for Retail Real Estate in 2017

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Page 1: Top 10 Markets for Retail Real Estate in 2017
Page 2: Top 10 Markets for Retail Real Estate in 2017

1. Dallas – Fort Worth – Arlington, TX Population: 7 million Median household income is $59,530 and the

median age is 35 Largest metropolitan area in the South Economic and cultural hub of the region

commonly called North Texas Known for sporting events, tourism and

manufacturing

Page 3: Top 10 Markets for Retail Real Estate in 2017

2. New York – Newark – Jersey City, NY-NJ-PA Population: 20.1 million Median household income is $67,066 and the

median age is 38 Robust tourism spending and continued job

growth boosted retail sales in the New York City metro in 2016

This metro is now a “peaking” market as demand grows ahead of new supply additions

At the forefront of fashion, glamour and innovation

Page 4: Top 10 Markets for Retail Real Estate in 2017

3. Houston – The Woodlands – Sugar Land, TX Population: 6.5 million Median household income is $60,072 and the

median age is 34 The retail market remains healthy and Houston’s

suburbs continue to expand; “retail always follows rooftops”

Houston ranks second nationally, slightly outpaced by Dallas/Ft. Worth in construction activity

Page 5: Top 10 Markets for Retail Real Estate in 2017

4. Los Angeles – Long Beach – Anaheim, CA Population: 13.3 million Median household income is $60,514 and the

median age is 36 Los Angeles receives more than 10 million

visitors each year with a median age of 36 and a median income of $90,580

Retail trade is the 3rd largest industry in Los Angeles county with total business revenue being $119,111,840,000

Page 6: Top 10 Markets for Retail Real Estate in 2017

5. Atlanta – Sandy Springs – Roswell, GA Population: 5.7 million Median household income is $58,153 and the

median age is 36 Major industries are Financial services,

Technology, and Telecommunications Atlanta remains the largest city in Georgia

with a population of approximately 463,878 and Sandy Springs remains the 7th largest city with 105,330

Page 7: Top 10 Markets for Retail Real Estate in 2017

6. Chicago – Naperville – Elgin, IL-IN-WI Population: 9.6 million Median household income is $61,598 and the

median age is 37 The retail trade industry has a higher rate of

employment than any other industry in Chicago

The best retail growth has been in Kendall County, which experienced a 5 percent increase over the past two years; Kendall is under-served with restaurants

Page 8: Top 10 Markets for Retail Real Estate in 2017

7. Miami – Fort Lauderdale – West Palm Beach, FL Population: 5.9 million Median household income is $48,458 and the

median age is 41 Strong population growth with urbanization

transforming the retail landscape Hospitality/Tourism is the principal industry in

Miami

Page 9: Top 10 Markets for Retail Real Estate in 2017

8. Washington – Arlington – Alexandria, DC-VA-MD-WV Population: 6 Million Median household income is $91,193 and the

median age is 36 Major industries in this metro include Federal

Government, Education, and Tourism An increase in the population and in tech

companies has caused a boom in commercial construction

Page 10: Top 10 Markets for Retail Real Estate in 2017

9. Denver – Aurora – Lakewood, CO Population: 2.8 million Median household income is $66,870 and the

median age is 36 Top industries are Aerospace,

Telecommunications, and Technology #1 on the Forbes list for “Best Places for

Business and Careers”

Page 11: Top 10 Markets for Retail Real Estate in 2017

10. Philadelphia – Camden – Wilmington, PA-NJ-DE-MD Population: 6.1 million Median household income is $62,171 and the

median age is 38 The top industries are Bio-science, Financial

Services, and Tourism Now known as the “18-hour city”