Top 5 Bottom 5 Metros 1Q22: Industrial Sector Propels Leaders, Office and Retail Hinder Laggards

Industrial continued its stellar run in 1Q 2022, even as returns slowed down from the previous quarter, according to SitusAMC Insights Top 5 Bottom 5 Metro ranking. Our analysis shows that four Top 5 metros owe their success in the first quarter to recent warehouse and logistics property gains. Meanwhile, several Bottom 5 markets are struggling to bounce back from the effects of the pandemic. Still, investors are optimistic about the prospects for office, as several markets are starting to see occupancy rates rebound to pre-pandemic levels.

Our proprietary quarterly analysis is based on the weighted average of NPI-NCREIF total returns across commercial real estate sectors (apartment, industrial, retail, office) in 50 U.S. markets. Explore all of the winning and losing metros in our slideshow below. To learn more about SitusAMC’s research and data offerings, click here.


How do these trends compare to findings from previous quarters? Click on the links below to view our 3Q 2021 and 4Q 2021 analyses:

Keep up with the latest news and perspectives in real estate