HOUSTON – Houston fell from being last year's top commercial real estate market to No. 30 in the 2016 rankings, while Dallas and Austin ranked first and second, respectively, according to Emerging Trends in Real Estate 2016. The report is co-published by PwC US and the Urban Land Institute (ULI).
The report attributes Houston's drop to the fall in oil prices.
Dallas is ranked as the top real estate market since it has been leading the nation in job growth with about 480,000 new jobs over the last five years.
Other high-ranking cities include Charlotte, Seattle and Atlanta.
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