Key metro areas in the U.S. are rebounding quickly from the COVID-19 pandemic, although some market shifts from the last year persist, according to SitusAMC Insights Top 5 Bottom 5 Metro ranking for Q1 2021. This proprietary quantitative and qualitative analysis ranks the top investment opportunities for each of the major property types from a relative value vs. price perspective, using the weighted average of NPI-NCREIF total returns across commercial real estate sectors (apartment, industrial, retail, office).
Rebounding tourism and business travel in Q1 helped the Miami metro area bounce out of its previous spot in the Bottom 5, replaced by New York City, which faces challenges in its office and multifamily sectors. Explore all of the winners and losers in our slideshow below. To learn more about SitusAMC’s research and data offerings, click here.