The Sunbelt markets, which include Fort Lauderdale, Miami, Las Vegas, Los Angeles and Phoenix, among others, continue to show a faster recovery than the nation as a whole, according to a recent report from Jones Lang LaSalle.
JLL looked at what's happening in the office and economic sectors of these Sunbelt locales, while admitting that the housing markets in these Southern cities lag in the recovery. But even the outlook for housing looks brighter, the real estate firm said.
"As a result of positive office demand growth, employment and migration indicators, there is a strong chance that most of these geographies are hitting their market low will soon begin to recover,” the report said.
Read the full JLL report here.
— Paul Dang