Robust consumer demand for goods, combined with supply chain unease, continued to drive investor interest in warehouse properties in the fourth quarter of 2021, especially in California. That’s according to the latest SitusAMC Insights’ Top 5 Bottom 5 Metro ranking. Meanwhile, gateway cities dominated the laggards, dragged down by office and retail performance, as companies delayed plans to bring workers back to the office.
Our proprietary analysis is based on the weighted average of NPI-NCREIF total returns across commercial real estate sectors (apartment, industrial, retail, office) in the fourth quarter, compared to the previous quarter. Explore all of the winning and losing metros in our slideshow below. To learn more about SitusAMC’s research and data offerings, click here.