Spandrel Development Partners created methodological geographic screening criteria to filter and rank the 281 Metropolitan Statistical Areas of the United States. The four areas of which we focus are:
Right to Work States + High Tech GDP Growth
We seek out markets with an ideal business climate driven by the flexibility of right-to-work laws, and incoming GDP from booming tech economies.
Labor Growth + Wage Growth
We keep a lookout for real estate markets with high labor and wage growth: two factors that are the biggest drivers of real estate development in a given area.
Population Growth
High population growth means more potential tenants and homeowners. When we rank the 281 Metropolitan Statistical Areas of the United States, population growth is a critical factor.
Top 25 Metropolitan Statistical Areas
Taking the above factors above, we develop a list of the top 25 Metropolitan Statistical Areas in the United States, and have developed properties in several of those areas.
