But that doesn’t mean I don’t recognize the very real potential in select secondary markets. With so many employees still working remotely – complete with promises that they can continue doing so for quite a while – they’re looking to book it out of big-city life by buying up properties elsewhere…Including in secondary markets. And, in many cases, the markets still haven’t caught on…2 Secondary Market PicksI live in a secondary city, known as Greenville-Spartanburg, and while I miss going to big gateway cities, I recognize that there’s plenty of business in towns like the one I live in. STAG Industrial (STAG) is an Industrial REIT that owns buildings in my hometown, as well as around 60 other markets in the U.S. Another secondary market REIT I like is City Office (CIO), a REIT that owns 65 office properties located in markets like Phoenix, Denver, Tampa, Orlando, San Diego, Dallas, Portland, and Seattle.

Source: Forbes August 09, 2020 20:48 UTC