For so long, New York City (NYC) has been the head and center of the US Real Estate (RE) market. It's superiority in the RE industry is a direct result of NYC being the center of the world in nearly every capacity. However, many top RE developers have found it difficult to continue expanding their business profiles in NYC. With New York experiencing rapid growth in property occupation since the early 1990's, the market has become extremely tight. There isn't much room to work with in the local communities, prices continue to skyrocket, and cap rates are low. 

Although many of these developers are a bit unfamiliar with these outside markets, the rise in population, particularly in the West Coast has made it an intriguing region for investing. In cities such as Los Angeles and Portland, the prices are much lower and the return rates are much higher. Denver, Colorado is averaging nearly 2,000 new residents per month, making it an extremely attractive market for RE investors.

Currently the US is experiencing major urbanization in the West Coast and in many of its non-major cities. Soon enough, these fast-growing cities will be major cities with lots of RE cash flow, and the developers who see the promise in them will most certainly benefit from their investments.