Austin is country’s hottest commercial real estate market in 2021

[Neil Narayan]

In a new survey from commercial real estate services company CBRE, commercial real estate investors rank Austin first among U.S. metro areas for investment prospects in 2021. Austin knocked Los Angeles off its previous first-place perch. Dallas-Fort Worth comes in at No. 2, with Los Angeles holding down the No. 3 spot.

Austin appeared at No. 3 in CBRE’s 2020 survey and No. 11 in the 2019 version. Dallas-Fort Worth ranked second in 2019 and 2020, while LA ranked first in those two years.

CBRE says markets such as Austin and Dallas-Fort Worth “will see intense competition for good-quality assets from all types of investors.”

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