San Francisco ranks fifth in the nation as a location for real estate development and investment, according to a national study released Thursday in San Francisco.
The City lost out to top-rated New York City, which was deemed the most desirable metropolitan area to invest in development and real estate in the nation, according to the 2008 Emerging Trends study, an annual survey of real estate industry professionals put out by PricewaterhouseCoopers and the nonprofit Urban Land Institute. Seattle was the only West Coast city to rank higher than San Francisco on the annual list.
Factors in San Francisco’s attractiveness to developers include its access to airports and ports, its emphasis on transit oriented development and its status as a “24-hour, global-pathway city,” experts said at the Emerging Trends in Real Estate Conference on Thursday.
“San Francisco is a multifaceted city with many diverse attractions,” said PricewaterhouseCoopers, Jonathan Miller, keynote speaker at the conference, hosted by the Hotel Nikko. “It’s still the dominant 24-hour city of the West Coast, and it attracts a global market that few cities in America can attain.”
Read more here…
Source: Examiner.com
no comment untill now