The rising cities, tech centers, and Texas boomtowns set to make news this year If the flocks of cranes dotting skylines across the U.S.?and rising real estate prices? are any indication, now seems like the right time to be developing downtown. The housing market has plenty of momentum, and so-called second-tier cities are having their moment. As U.S. cities continue to expand, investors must decide where exactly to go with their money.
To create this list, Curbed consulted a number of experts?representing the Urban Land Institute (ULI), RCLCO Real Estate Advisors, Zillow, Trulia, and Realtor.com?to find markets tapped to be fast-growing and most dynamic in 2018. It?s notable that many traditionally top markets, especially in the Northeast, didn?t make the cut. While each city has different strengths and upsides, they all present unique opportunities.
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Austin: Tech frontier flourishes
The Texan tech capital continues to build up and out at a steady clip as high-rises take shape, the East Side real estate rush rolls on, and the ?city of the eternal boom? continues expanding.
Local firm Indeed.com plans to lease an 11-story tower in the ever-expanding Domain development (whose developer, Endeavor, is also slated to develop the Austin American-Statesman site south of Downtown). The Independent, which broke ground last year, is set to be the city?s tallest skyscraper, and a new luxury tower is also going up on downtown Austin?s Rainey S...