The 2018 City Momentum Index (CMI) produced by real estate services firm JLL cited 11 of the best U.S. markets for office investors based on their economic growth potential. Nine of these markets also happen to be major expansion targets for Bay Area tech giants, as they have leased 16.2 million sq. ft. of office space in these cities over the past five years, according to a CBRE MarketFlash report.
These cities include primary and secondary markets containing the following key ingredients for future growth potential, according to JLL: the presence of a cluster of technology firms; world-class educational institutions and highly educated talent; transparency; high level of modern public infrastructure/mass transit facilities; high environmental quality; large number of technology start-ups; and high level of patent applications.