IE Business Daily Business news for the Inland Empire.
The Inland Empire is among the top U.S, regions in which to invest in commercial real estate, according to a real estate investment firm.
The two-county region ranked 18th out of 20 markets, one of only three California markets listed by Portland, Ore.-base CrowdStreet.
San Diego (11) and San Francisco-Oakland (19) were the other two. Austin, Raleigh-Durham, Nashville, Orlando and Seattle-Tacoma made up the top five.
CrowdStreet’s annual rankings, released Tuesday, analyzes seven kinds of properties: multifamily, build-to-rent, industrial, office, hotel, life sciences and retail.
The firm’s investment team ranks markets based on 28 key indicators that range micro- and macroeconomics, quality of life and taxes.
“We take all property types into account since the deals on our platform cover private real estate opportunities in all multifamily and commercial real estate sectors,” said Ian Formigle, CrowdStreet’s chief investment officer, in a statement. “To make the top 20, a market must consistently rank highly across multiple real estate classes.”
The Inland Empire’s position as a prominent distribution hub and its strong economy help make it one of the best commercial real estate investment markets in the United States, according to CrowdStreet.
