Selecting secondary markets for investment or development is a complex task, especially given the thousands of cities to evaluate. A well-considered strategy must be at the heart of the selection process. A combination of high buildable area and a relatively lower median income might present a viable formula for identifying markets ripe with growth opportunities.
Identifying Proximate Opportunities
In the pursuit of promising markets, the cities of Yonkers, Mount Vernon, and New Rochelle quickly emerged as logical choices. Their close adjacency to New York City makes them attractive, but our analysis didn’t stop at mere geographical proximity.
Beyond the Obvious – A Northeastern Exploration
Moving further northeast, we embarked on a detailed analysis of cities that, according to zoning laws, demonstrate substantial development density capacity yet remain below their economic development peak. This analysis led us to intriguing possibilities.
Connecticut’s Promising Trio – Stamford, Norwalk, and Bridgeport
Although not immediately adjacent to New York City, Stamford, Norwalk, and Bridgeport, Connecticut, stand out as fitting our strategic requirements. These cities offer substantial development potential just a 50-minute train ride from New York City. Their unique combination of location, zoning allowances, and untapped economic growth makes them compelling choices.
More will be revealed,
Deepblocks is state-of-the-art data-driven software that utilizes artificial intelligence to identify the best investment opportunities. Deepblocks digitizes zoning data with precision and provides a comprehensive understanding of city-wide development capacity down to the parcel level. Our GIS-like interface seamlessly integrates demographics, economics, construction activity, crime, ownership, and race to deliver rapid market and site selection capabilities, saving time and effort. Whether you’re a developer, investor, or real estate professional, Deepblocks is the ultimate tool to make informed decisions and stay ahead in the industry.
Learn more: https://www.deepblocks.com/