While Class A properties in the city will always be hot and sought, Class B and C properties in the suburbs are still just as impressive for the long-term investor.
That’s according to new research by the Chicago-based Kiser Group, which just published its new research findings, according to Globe St.
John Meyer, senior managing director at Kiser, says the suburbs aren’t dying. In fact, in 2015, investors spent $642 million scooping up those Class B and C properties outside city limits.
“The older it is, the more upside there is; class A properties have very little upside,” Meyer says.
Meyer says while there are some players who will flip suburban properties like clockwork every two years, the majority are in the area for the long term.