Seattle has edged out Austin as the best city for commercial real estate investment in the “Emerging Trends in Real Estate 2018” study, conducted by accounting and consulting giant PwC. The annual ranking is distributed by the Urban Land Institute at its fall meeting — being held Oct. 23-26 in Los Angeles.
Last year, Austin ranked No. 1, but the slippage probably has nothing to do with economic performance. Seattle merely received a few more top scores from the people surveyed — a spectrum of people with an interest and expertise in real estate.
Mitch Roschelle, author of the report and a partner with PwC, said Austin leads the way when it comes to delivering a strong, young, skilled workforce — who are ready, willing and able to embrace the work of the future.
“Austin’s secret sauce is that the workers are there,” Roschelle told me.
Click to read more at Austin Business Journal.