Real Estate Fundamentals in Graceada Secondary & Tertiary Markets

 This research piece analyzes real estate fundamentals in secondary and tertiary markets in the Western US  versus primary markets over the past 20 years, inclusive of the periods of economic stress (GFC, pandemic, current rate hike environment). Looking at key real estate metrics in workforce housing and industrial (rent growth, net absorption, vacancy, and valuation), it concludes that these markets have performed better than or consistent with primary markets during this time period, including through market downturns.