In my nighborhood of Murphy, Texas I would opt to invest in retail due to the increasing number of residential households in the area. The reason I would choose retail opposed to going into the growing residential field is because based on my experience within the area, I know that there are so many new developments it would be hard to resell my investment if I needed to quickly change my liquidity position. In addition, the trend between residential households and the success of retail space are positively correlated. The median household income of the area of Murphy is 101,372 which indicated a favorable consumer market for retail space if I chose to invest.
Murphy is also considered 18 on the list of "Top 100 fastest growing cities from 2000 to 2008." And according to research, many of the residents are looking for more retail within the area so that theydo not have to drive as far. This direct demand for retail would make for an excellent investment.
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