It is the future of real estate investment in megapolitical areas

Experts believe that real estate development and construction will produce about $ 25 trillion in revenue between now and 2030. Most also agree that most of that revenue will trickle down to and through the top ten areas. megapolitans of the United States. This amount of revenue will completely eclipse the construction boom that followed World War II and means an unprecedented amount of growth and opportunity for investors.

Megapolitan is defined as two or more existing metropolitan areas that have grown together to become one huge area and the community boundaries have blurred. An example of one of those areas is from San Diego to Santa Barbara. When driving from San Diego, you will pass through Oceanside, Newport Beach, Long Beach, Los Angeles, Thousand Oaks, Oxnard, Ventura, and Santa Barbara. It is very difficult to know when you leave one city and enter another. Robert Lang, from Virginia Tech Urban Studies, has theorized that two-thirds of the population will live in 10 of these Megapolitan areas by 2040.

Atlantic Seaboard – runs from Boston through New York, Philadelphia, and Washington.

Gulf Cost Belt: Brownsville, Corpus Christi, Huston, New Orleans to Mobile.

I 85 Corridor – Birmingham, Atlanta, Charlotte, Raleigh to Durham.

Valley of the Sun – Phoenix to Tucson.

South – Florida Miami, Tampa to Orlando.

Southland – Los Angeles to Las Vegas.

Great Lakes area Detroit, Chicago to Pittsburg.

Northern California – San Francisco to Sacramento.

Corridor I 35 – San Antonio, Austin, Dallas, Ardmore, Okalahoma City to Kansas City.

Cascadian – Eugene, Portland to Seattle.

Megapolitan Areas will have certain characteristics in common. They will combine at least two existing metropolitan areas together. Each will total more than 10 million residents by 2040. They will have a similar physical environment. Have very good transportation and support infrastructure. Goods and services flow freely from one urban area to another. They will also require a large geographic area that is suitable for large-scale regional planning.

It’s true that some of these mega areas have been hit by economic woes, but even CNN’s Money magazine agrees that these areas are some of the best for real estate investment and development. Why is this the case and what should you look for when trying to protect your investment in these areas?

Of course, it is very important to be careful with the industries that support these mega-political areas. Investing in areas that have relied on the auto industry or manufacturing may not be wise. However, the mega-areas of New York and Charlotte, North Carolina, have done very well in recent years because their dominant advertising, banking, and investment industries have a better track record than these other less-reliable industries. Absolutely nothing is completely safe or 100% reliable when it comes to business and industry, but obviously one can use some common sense when it comes to investing in certain areas.

Megapolitan areas are often more desirable to industry and new businesses because they already have a skilled workforce and developed real estate. A business looking to build a large factory or establish a management office is unlikely to choose a desolate area, even though real estate is more affordable. There is no population in this immediate area that supports your business through staff, vendors, and sometimes even available roads and housing. This is one of the reasons that megapolitan areas seem to consistently and consistently attract established industries and businesses and start-ups as well.

If you are looking for a solid real estate investment area, you may be drawn to more dispersed areas because they are more affordable, but remember that sometimes you get what you pay for. Instead, consider investing what you can in these established mega-areas. If you use a little common sense and do your homework, you are sure to find that it is the right choice.