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Starbucks Opening in New Neighborhoods

Follow the Starbucks For a Good Real Estate Deal

Who knew a Starbucks opening would be indicative of a hot real estate investment? Business Insider shares more on this phenomenon.

"Wake up and smell the coffee," writes Michael Corbett, real estate expert and host of NBC's "Extra's Mansions & Millionaires!" in his book Before you Buy! The Homebuyer's Handbook for Today's Market.

RELATED: The Most Iconic American Houses On The Market

He's talking about big chains such as Starbucks and Whole Foods. If you see them opening in a new neighborhood, it's a sign that the neighborhood is up-and-coming, and therefore a smart real estate bet.

In his book he writes:

"One of the best ways to stretch your buying dollar is to find a neighborhood that is in transition. Called fringe or transitional neighborhoods, they are typically close to major metropolitan areas and were once neglected and less desirable. Is there a trendy restaurant where a tattoo parlor used to be? These neighborhoods are now beginning to enjoy a new life and your goal is the find them.

Has a Starbucks just opened on the corner or maybe a Whole Foods Market? These are all good signs that a neighborhood is on the upswing. You can bet that big chains like Starbucks spend a lot of money and time analyzing neighborhood potential before they open up a new store. So go ahead, tap into their market research and be their neighbor."

Check out these smart stories from Business Insider:

The Most Anti-Starbucks Menu Ever Created

Here's How You'll Use Square To Buy Coffee At Starbucks

Why Starbucks Baristas Have Higher 'Emotional Intelligence' Than Doctors

Starbucks Baristas Reveal Customers' Most Impossible Orders

Image Source: Getty
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