BROKERS SHOULD UNDERSTAND HOW
“18-HOUR CITIES” IMPACT THE BOTTOM LINE
In search of higher yields, commercial investors are betting on
the concept of “18-hour cities,” places where people live, work and
play in large numbers. These cities are not only business centers
with major technological influences, but also entertainment centers
with vibrant lifestyle choices.
With rental rates mostly flat in the top 50 U.S. markets through
the first quarter of 2017, markets like Austin, Texas; Nashville,
Tennessee; and Raleigh-Durham, North Carolina, are offering
Gen Xers, millennials and even baby boomers a chance to shuck
their suburban dwellings for a downtown lifestyle. And they’re
helping investors and commercial mortgage brokers push
further afield to make money. >>
Illustration by Dennis Wunsch
DEVOTE TIME TO
Founder and CEO, Revere Capital
BY CLARK BRINER
Photo by Twin Design / Shutterstock.com
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“Devote Time to Emerging Markets,”
Clark Briner, June 2017
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