San Jose Commercial Real Estate

[Glenn Gayet]

I’m looking to move at some point in the next 8 months or so and cities I have had on my radar are Phoenix, Las Vegas, and San Jose. I’d plan on working in commercial real estate whereever I move. Right now I am doing rentals in NJ. Phoenix seems like a huge sprawl which brings concerns for multi-family investing. Being that it is largely suburban makes me question the longevity of the city with newer generations prefering walkable cities. Las Vegas is growing and has no income tax, but it seems like most of the multi-family are in bad areas and the economy usually takes a bigger hit than most places during recessions. San Jose seems not so good for multi-family but the retail sector in the Bay Area is actually quite good. There is definitely a lack of affordable housing in the Bay Area which does present an opportunity. I’m having a tough time deciding between cities. Las Vegas is at the top right right now.