The latest report from Dallas-based Axiometrics spells out some positive data for 2013 job growth and rental revenue increases. But not all metros have such a bright outlook this year.
Last year, the West was the best. The only cities to break the 3 percent increase mark were San Francisco and San Jose, Calif., as well as Austin, Fort Worth and Houston, Texas. The lone surprise on the East Coast was Charlotte, which ended 2012 with a 3.1 percent increase in annual relative job growth from the previous year. When revenue growth is factored in, Silicon Valley and Texas lead the way.
Unfortunately for Mid-Atlantic cities, 2013 will lag in terms of growth potential, with major rental hubs like Washington, D.C., Philadelphia, Pa., and Baltimore, Md. trending toward the lower end of the combined spectrum.
Yet, 2013 has good things in store for Seattle, Salt Lake City, Raleigh-Durham, and Savannah, which are all expected to see 3 percent or more job growth this year.
For a full list of how Axiometrics expects major metros to perform in 2013, see the table below:
