Markets · West Coast first · National coverage

Twelve markets where 1031 demand concentrates.

We publish market-specific analysis covering cap-rate conditions, state tax considerations, and the replacement paths available to sellers in each region -- fee-simple 1031, Delaware Statutory Trust, and 721 UPREIT contribution. California leads by volume; our national coverage spans the Southwest, Texas, Mountain West, Pacific Northwest, and the Northeast.

California

San Diego

California

Coastal cap-rate compression with structural 1031 demand

Inland Empire

California

Industrial growth corridor; strong NNN absorption

Orange County

California

High-basis coastal sellers navigating California clawback rules

Los Angeles

California

Multifamily exchange volume among the highest in the nation

SF Bay Area

California

Tech-adjacent equity gains concentrated in commercial and NNN sectors

Southwest

Phoenix

Arizona

No state clawback; popular replacement market for California sellers

Texas

Dallas

Texas

No state income tax; deep NNN and industrial inventory for exchanges

Houston

Texas

Energy-corridor NNN and mixed-use exchange depth in a no-tax state

Mountain West

Denver

Colorado

Mountain-West growth corridor with rising cap-rate opportunities

Pacific Northwest + East

Seattle

Washington

Tech-driven commercial appreciation; new 7% LTCG tax on large gains

New York City

New York

Highest combined tax burden; 1031 is essential for NYC property exits

Miami

Florida

No state income tax; fast-appreciating relinquishment and replacement market

Market data is approximate, drawn from publicly available sources as of Q1 2026. Figures are for informational purposes only and are not a guarantee of investment performance. Consult your own tax, legal, and financial advisors.