Where Commercial Real Estate Demand Is Highest, According to New Data
CNBC Real Estate · Diana Olick · 20 Augustus 2026

Kortom
The National Association of Realtors (NAR) has launched a new commercial real estate demand index covering more than 300 US metropolitan markets, with separate scores for office, industrial, retail, and multifamily sectors. Drawing on Bureau of Labor Statistics and Census Bureau data, the index tracks employment growth, population shifts, and net migration to signal where demand is building. South Carolina ranks highest among all US states overall, while St. George, Utah, tops the metropolitan rankings thanks to strong office employment growth, population gains, and above-average industrial demand. Smaller and mid-sized markets — including Fayetteville, Arkansas, and Huntsville, Alabama — are outperforming major coastal cities. Raleigh, North Carolina, is the only large market stronger now than at the 2022 pandemic-migration peak. Formerly hot markets like Austin, Miami, and Naples have declined markedly since then.
Ons siening
For South African commercial property investors and fund managers with offshore exposure, this NAR index offers a useful framework — not just for US market intelligence, but as a model for how data-driven demand forecasting can sharpen investment decisions. The methodology mirrors what SA property analysts already track locally: employment growth by sector, net migration into metros, and population momentum. Apply the same lens to SA and the picture is instructive. Smaller, fast-growing nodes — think Ballito, Midrand, and Gqeberha's automotive corridor — often outperform headline metros like Johannesburg CBD or Cape Town's saturated Atlantic Seaboard when measured on forward demand indicators rather than historic yields. For local buy-to-let investors and commercial landlords, the takeaway is practical: look beyond the big-name nodes and interrogate the underlying economic drivers — where are jobs being created, who is moving in, and which sectors are expanding? SA REITs and private property funds would benefit from publishing similar transparent, sector-specific demand indices to help retail investors make more informed allocation decisions. Transparency builds trust, and trust builds a healthier market.
Lees die volledige artikel
Dit is Liivra se opsomming + siening. Die volledige storie leef by CNBC Real Estate.
Lees verder op CNBC Real Estate