From an Institutional Investor story in which real estate experts predict more people will move to smaller cities:
Even before the pandemic, institutional real estate investors were already training their focus on smaller cities and online commerce. . . .
“There will be a lot more activity in non-first-tier places,” [SEI vice president Ross] Ellis said by phone Monday. “The work-from-home experiment together with the sharing economy is going to make that even more true.”
One investor — a vice president at one of the largest sovereign wealth funds — told SEI and Preqin that their ideal residential property development strategy would be one focused on university towns that have “space constraints, an educated workforce, and potential for innovative micro-hubs.”
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