GlobeSt - Dan Clark - Investors and fund managers are seeing that buyers and renters are moving to second or third-tier cities, according to SEI/Prequin’s 2020 Survey of Real Estate Managers and Investors on the future of real estate investment.
Just over 60% of investors and just over 40% of fund managers indicated that there has been an emphasis on secondary and tertiary cities.
“These are not all created equal from the standpoint of residents or investors. The most attractive growth prospects are often found in markets anchored by prominent universities, large medical facilities or major research and development centers,” the report states.
The Port of Dubuque is in one of the city's Opportunity Zones. Merge Urban Development is building a mixed-use complex that will have 187 apartment units. There will also be 23,000 square feet of retail and commercial space.