Poor Economic Growth
Neighbourhood decline may not be evident when you first do your research.
But there are signs that economic turmoil could be an issue in the future.
Take a look at the source of industry for the area.
Look for the number of industries…
…and major employers in the area.
New industries and major companies…
…can spark economic growth.
But if there is a lack of economic diversity?
Or an industry goes under?
That could mean that people move away and leave you without tenants.
Also, check out local infrastructure in the area.
You want to see new projects in the pipeline.
That means the state expects growth.
However, if you don’t see projects that maintain or build new infrastructure…
…you may want to pass on the property.