There’s no one tried and true formula for forecasting an area’s potential growth. Greater metropolitan areas are often either overbuilt or underbuilt. However, real estate strategists say that residential property development typically yields a boom in retail development. And so, when cranes go up on residential projects, pencils go up on retail to create and complete the community ecosystems where people are needed to ensure retail success.
The same can be said of commercial office space, although big corporate names seeking cities for new headquarters, like Amazon and Apple, create demand for residential. Companies of that size can create entirely new real estate markets on their own.
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