Boston Nears Top of Forbes List
By Anthony Longo 23 07 2008The top five U.S. real estate markets for investment on the “Forbes” list are New York City, Washington, D.C., Los Angeles, San Francisco and Seattle. Boston is No. 6, followed by Chicago, Las Vegas, Phoenix and Orlando, Fla.
Like New York, office investing in Boston is the top pick for European investors, but the multi-family home and apartment markets are attractive too. While prices have only gone up 3% in the last year, according to real estate investing firm Marcus & Millichap, a 41% decline in expected construction completions is expected to tighten the market. (Read article)
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