5-Star Rated on Google
Trusted By The Top CRE Firms In North America
Highest Quality, Consistent Process, Quickest Turnaround

Top U.S. Cities for Commercial Real Estate Investment Sales in 2024

Commercial real estate (CRE) investment sales remain one of the most attractive opportunities for investors seeking long-term growth, income stability, and portfolio diversification. In 2024, several U.S. cities are emerging as prime locations for CRE investment sales, thanks to favorable economic conditions, population growth, and market resilience.

For investors and brokers alike, understanding the top-performing cities can help pinpoint where the best opportunities for growth and high returns lie. Below are some of the best cities for CRE investment sales across different asset classes, based on current data trends.

 

1. Austin, Texas: Booming Tech Hub

Austin has quickly become one of the hottest markets for investment sales, particularly in office and multifamily asset classes. With an influx of tech companies like Apple, Google, and Tesla expanding their presence in the city, Austin’s employment growth has driven demand for office space and multifamily housing.

  • Key Statistics: In 2023, Austin experienced a 2.7% year-over-year population growth and remains a top destination for young professionals. Office vacancy rates are relatively low, and multifamily rental demand continues to outpace supply.
  • Investment Appeal: The city’s high job growth, attractive lifestyle, and relatively affordable property prices make it an attractive destination for investors looking to capitalize on long-term appreciation and rental income.

 

2. Nashville, Tennessee: Music City Meets Real Estate Growth

Nashville’s thriving entertainment industry, combined with its emerging status as a corporate hub, has positioned it as a strong contender for CRE investment sales. The industrial and multifamily sectors, in particular, have seen significant growth as new developments cater to the city’s expanding workforce.

  • Key Statistics: Nashville’s population has grown by 1.5% annually over the past five years, and the metro area saw $5.8 billion in CRE transactions in 2023.
  • Investment Appeal: The demand for new industrial developments, particularly for e-commerce and logistics, alongside multifamily properties, offers investors solid opportunities for both immediate returns and long-term appreciation.

 

3. Miami, Florida: A Growing Hub for International Investment

Miami has long been a destination for international capital, but its recent growth in tech, finance, and real estate development has made it a key player for CRE investment sales. Multifamily and mixed-use developments are in high demand as more businesses relocate to the area from northern states and Latin America.

  • Key Statistics: Miami saw a 4.5% increase in CRE sales in 2023, with heavy demand in luxury multifamily, office, and retail spaces. Additionally, Miami’s population increased by 11.5% from 2010 to 2023.
  • Investment Appeal: With strong migration trends, Miami is an excellent market for investors looking to capture growth in high-end residential and office spaces.

 

4. Phoenix, Arizona: Sunbelt City with Strong Industrial Growth

Phoenix continues to be a favorite among investors due to its robust industrial and multifamily markets. Its proximity to major transportation corridors, along with a booming logistics and distribution industry, has fueled demand for industrial properties.

  • Key Statistics: Phoenix had $6.2 billion in CRE transactions in 2023, with industrial sales accounting for a significant portion of that volume. The city’s population is expected to grow by 2.4% annually over the next decade.
  • Investment Appeal: Phoenix’s affordability, favorable business climate, and strategic location near the U.S.-Mexico border make it ideal for industrial and distribution investment sales.

 

5. Charlotte, North Carolina: Expanding Business Hub

Charlotte has emerged as a major banking and financial services hub, with companies like Bank of America and Wells Fargo maintaining large operations in the city. The office and multifamily markets have seen substantial investment as corporate relocations increase and population growth accelerates.

  • Key Statistics: In 2023, Charlotte’s office vacancy rate was 8.6%, lower than the national average, while multifamily rent growth increased by 5.3% year-over-year.
  • Investment Appeal: Charlotte’s reputation as a growing financial hub and its relatively low cost of living make it attractive to institutional investors and private equity firms alike.

 

6. Dallas-Fort Worth, Texas: Consistent Performance Across Asset Classes

The Dallas-Fort Worth metroplex is consistently one of the top-performing cities in the U.S. for CRE investment sales, thanks to its strong economic growth and business-friendly environment. The region’s diverse economy supports demand across office, multifamily, industrial, and retail sectors.

  • Key Statistics: Dallas-Fort Worth had $24 billion in CRE investment sales in 2023, with multifamily and industrial assets leading the pack. The metroplex’s population is expected to grow by 8.5% from 2024 to 2029.
  • Investment Appeal: Dallas-Fort Worth offers investors steady returns with a balanced mix of asset classes, making it a great option for portfolio diversification.

 

7. Denver, Colorado: Multifamily and Office in High Demand

Denver’s dynamic economy, outdoor lifestyle, and well-educated workforce have made it a magnet for companies and young professionals. The multifamily and office sectors have seen strong growth, driven by both new residents and businesses relocating from more expensive markets like California.

  • Key Statistics: Denver’s multifamily market saw rent growth of 6.2% in 2023, and office vacancy rates remain lower than the national average at 11.5%.
  • Investment Appeal: Denver’s appeal to tech companies and young professionals makes it a promising market for multifamily and office investments with long-term growth potential.

 

8. Atlanta, Georgia: Southern Capital of Logistics and Distribution

Atlanta’s status as a major logistics hub, thanks to its location and infrastructure, has made it a top market for industrial investment sales. The city’s growing population and affordability have also driven demand in the multifamily sector.

  • Key Statistics: In 2023, Atlanta’s industrial market saw $9.8 billion in sales, with demand for distribution centers and warehouses continuing to rise. The multifamily market also saw a 4.9% rent growth.
  • Investment Appeal: Atlanta’s logistics network, affordable property prices, and population growth make it an attractive market for investors in both industrial and multifamily assets.

 

9. Los Angeles, California: High Demand in Multifamily and Industrial

While Los Angeles is known for its high cost of living, its massive population and economic diversity keep it a strong market for CRE investment sales. The multifamily and industrial sectors, in particular, remain in high demand due to the city’s population density and status as a global logistics hub.

  • Key Statistics: Los Angeles saw $12.5 billion in CRE transactions in 2023, with multifamily and industrial sales leading the market. Rent growth in multifamily properties increased by 3.8% year-over-year.
  • Investment Appeal: Investors looking for high demand and long-term stability in industrial and multifamily properties will find Los Angeles an attractive option, despite its higher entry costs.

 

10. Salt Lake City, Utah: Rising Star in the West

Salt Lake City has emerged as a strong contender in the CRE investment sales market, particularly in the industrial and multifamily sectors. The city’s tech boom and affordable cost of living have driven population growth, creating demand for both residential and commercial space.

  • Key Statistics: In 2023, Salt Lake City’s industrial vacancy rate was only 4.1%, one of the lowest in the country, and multifamily rent growth reached 7%.
  • Investment Appeal: Salt Lake City offers investors strong growth potential, particularly in tech-driven sectors, making it a rising star in the western U.S. CRE market.

 

Conclusion: Identifying the Best Cities for Investment Sales

For CRE investors and brokers, the best cities for investment sales in 2024 are those that demonstrate strong economic growth, population increases, and high demand across asset classes. Cities like Austin, Miami, and Dallas-Fort Worth continue to attract attention for their balanced portfolios, while emerging markets like Salt Lake City and Phoenix provide opportunities for higher returns in industrial and multifamily sectors.

Leveraging VidTech’s video inspection and 3D modeling services can further enhance the investment sales process by providing detailed visualizations of properties, enabling faster decision-making and greater investor confidence. By understanding the unique opportunities in these top markets, investors can make informed decisions and maximize their returns in the competitive world of CRE investment sales.

Looking for a Custom Solution? Talk to a CRE Video Expert.

To discuss custom solutions, or book your initial flight, please share some details about yourself. Our team will respond promptly.

Looking for Professional Guidance to Select the Ideal CRE Video Marketing Solution for Your Project?

Sharing is Caring:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email
Share on whatsapp
Share on reddit

Century Partners Real Estate Order Form

Product: Aerial + Ground Photos Package

FNRP Order Form

Product: Leasing Package

Atlantic Retail Order Form

Product: Trailer

Atlantic Retail Order Form

Product: Standard

Atlantic Retail Order Form

Product: Premium

Place Videoms Order

Product: CAR WASH or HSD: Existing Site Submittal

Place an order

Product: Pitch

Place an order

Product: Photos-Only

Place an order

Product: Trailer

Place an order

Product: Premium

Place an order

Product: Premium Plus

Place an order

All JLL Invoices are handled internally by JLL Corporate. JLL Corporate will attach the PO # and any other necessary information, based on the Market and Business Unit information you select below. JLL Property Management will receive invoices directly.

Product: Pitch

Place an order

All JLL Invoices are handled internally by JLL Corporate. JLL Corporate will attach the PO # and any other necessary information, based on the Market and Business Unit information you select below. JLL Property Management will receive invoices directly.

Product: Trailer

Place an order

All JLL Invoices are handled internally by JLL Corporate. JLL Corporate will attach the PO # and any other necessary information, based on the Market and Business Unit information you select below. JLL Property Management will receive invoices directly.

Product: Standard Videom

Place an order

All JLL Invoices are handled internally by JLL Corporate. JLL Corporate will attach the PO # and any other necessary information, based on the Market and Business Unit information you select below. JLL Property Management will receive invoices directly.

Product: Premium Videom

FNRP Order Form

Product: Pitch

FNRP Order Form

Product: Investment - Retail

Colliers Florida Order Form

Product: Drone Package

Gomez Order Form

Product: Just Closed

Gomez Order Form

Product: Pitch

Gomez Order Form

Product: Standard

Gomez Order Form

Product: Basic

Gomez Order Form

Product: Premium

GLBG Order Form

Product: Standard

GLBG Order Form

Product: Premium

Pegasus Order Form

Product: Newly Constructed

Pegasus Order Form

Product: Existing Building

Pegasus Order Form

Product: Development Site

Place an order

Product: Economy

Place an order

Product: FOOTAGE-ONLY PACKAGE

Place Videoms Order

Product: Traditional site submittal

Atlantic Retail Order Form

Product: Photos-Only

Colliers Florida Order Form

Product: Standard Package

Century Partners Real Estate Order Form

Product: Aerial Photos Package

Urban Edge Order Form

Product: Premium

Marcus & Millichap Order Form

Product: Standard

CIRE Equity Order Form

Product: Exterior Photos

CIRE Equity Order Form

Product: Pitch + Photos

CIRE Equity Order Form

Product: Photo Package

CIRE Equity Order Form

Product: Vidspection – Site Visit

*Includes: The capturing of additional drone footage of the same subject property for one of the following 3 scenarios:

  1. An additional 100,000 SF of a developed property.
  2. An additional 25 Acres of an undeveloped property.
  3. A second launch site for the drone at the same property if there is a gap between film sites between 100-500 yards apart. Footage to be captured during the same site visit as the standalone Videom product purchased.

CIRE Equity Order Form

Product: Premium

ASOC is Now VidTech

We are thrilled to announce that ASOC has been acquired by VidTech. Our journey has taken an exciting turn as we join forces with a leader in digital innovation.

As we integrate with VidTech, you will be redirected to the VidTech website where you can discover a broader range of solutions and services. We thank you for your continued support and look forward to serving you with an expanded portfolio.

Premium Trailer

Product: Premium Trailer

Premium Plus Trailer

Product: Premium Plus Trailer

GLBG Order Form

Product: Photography Package

GLBG Order Form

Product: Pitch

Urban Edge Order Form

Product: Photos-Only

Urban Edge Order Form