Every year in the fall, PwC and the Urban Land Institute produce a widely followed forecast called “Emerging Trends in Real Estate.” (The 2019 edition, the 40th, has just been released.) The most closely watched item in the report is its list of the top markets for investing in real estate nationwide in the year ahead.
And every year, Philadelphia fails to land in the top ranks of this list. For the coming year, it ranks 31st out of 79 “markets to watch” across the country.
Fortunately for him, his company, and this city, Southern Land Company founder and CEO Tim Downey went with his gut feeling rather than what the forecasters said he should do. And because he did, the firm based in Nashville (the No. 5 market to watch next year, according to “Emerging Trends”) has already changed the way outside investors think of this place…
To read more, visit Philadelphia Magazine.
