Recent years have seen immense investment interest in rapidly growing markets outside the general Tier-I “Gateway” commercial real estate markets. However, with a climate of renewed uncertainty and risk-aversion, many investors are wondering whether this trend was specific to the post-COVID-19 environment, or whether it derives from factors with more persistent momentum.
In this whitepaper, Virtus explores the case for a new class of markets that have benefited from patterns in demographic growth, regulatory policy, and technological advancement over a much longer horizon than the recent past.