A global accounting firm has named Houston, Texas as the top market to watch for commercial real estate investment in America 2015.
The city was ranked at number two for housing market investment.
PriceWaterhouseCoopers released their Emerging Trends in Real Estate in October and ranked Houston as number one for both investment and development expectations.
The annual report basis its findings on research carried out with over 1000 real estate investors, fund managers and other industry professionals.
The report said:
“Houston offers a significant amount of investment opportunity. Investors believe that the energy industry will continue to drive market growth and that will support real estate activity in 2015.
“Houston was ranked number one in both investment and development expectations for next year.
“Housing market expectations are ranked number two.”
It was good news for Texas with another city, Austin ranking at number two.
The two cities have been growing in popularity for both commercial and residential real estate investment, eclipsing the more traditional cities such as New York, Los Angeles and San Francisco, the report said.