Sunbelt Dominates Roster of Top U.S. Retail Investment Markets

Southern and Southwest U.S. cities dominate the list of top retail investment metros in 2023, according to a GlobeSt. report on a new survey by commercial real estate marketplace Crexi.

Florida metros top the list, which is based on such factors as vacancy rates, rents and asking prices for retail spaces. Miami was #1 on the list, while West Palm Beach came in at #3. The other two other Sunshine State locales – Fort Lauderdale and Tampa/St. Petersburg – came in at #9 and #10, respectively.

Other metros on the roster are Nashville (#2); Charleston, S.C. (#4); Austin, Texas (#5); Greenville, S.C (#6).; San Antonio (#7); and Des Moines (#8), the only Midwest market to crack the top 10.

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