By Ashley Fahey
As challenges mount for properties financed by commercial mortgage-backed securities, a data analytics firm looked at which mid-sized cities remain the best places for commercial real estate investment potential.
Trepp ranked the top U.S. secondary markets for investment based on population growth and myriad CMBS metrics in a recent report. It ranked the Charlotte-Concord-Gastonia metropolitan statistical area No. 7 out of 21 markets analyzed.
A secondary market falls between tertiary markets, which typically have 1 million or fewer people in a region, and primary markets, which are the largest, most established real estate markets like New York, San Francisco and Boston. Much of the growing Sunbelt region includes secondary markets.