Concorde Chief Investment Advisor featured in The DI Wire – The Burbs Are Back

Concorde Chief Investment Advisor featured in The DI Wire - The Burbs Are Back

Concorde Chief Investment Advisor featured in The DI Wire – The Burbs Are Back

The COVID-19 pandemic has generated significant transitions and migrations. Business travel and office work has transitioned to Zoom, e-commerce and the accompanying need for warehouse space has exploded. People are leaving states, such as California, New York and New Jersey, with a high cost of living and high taxes and moving to places such as Austin, Boise, Denver, Nashville and Florida. A migration from the urban core to suburbs and smaller town is underway. Vacation travel has become more local – within driving distance. The lowering of interest rates by the Fed has led to cap rate compression for multifamily and net lease.

The key challenge for real estate investors in 2021 is determining which 2020 trends are temporary and which ones have longer legs. While each of these transitions is worthy of an in-depth analysis, this article will focus on the migration to the suburbs.

The burbs are back, and not only as a result of pandemic-induced moves. This shift was in the making prior to COVID-19 and may continue for years.

Read the full DI Wire article, The Burbs are Back, Baby