PHILL FOSTER AND COMPANY

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Denver was ranked No. 6 on Urban Land Institute's annual list of 'markets to watch' for real estate trends.

The annual report said that 2016 will be the year of secondary and tertiary markets, of which Denver is one, at least for now. The ranking is based on survey results and interview notes collected by ULI to determine market participants' feelings about a given city. Secondary and tertiary markets refer to markets that are large, but not as large as primary markets like New York City and San Francisco.

"The strength of the economy in Colorado's state capital seems to have put it on everyone's list of top markets for 2016," ULI's report said of Denver.

Survey respondents said that Denver's exposure to the technology industry and the public and private investments in infrastructure made them feel comfortable about the city's continued growth, ULI said. Infrastructure investment is Denver's lowest score of the three categories examined by ULI, but its score in the infrastructure investment category is still one of the highest in the survey.

"The single-family housing market is expected to remain hot in 2016. Survey respondents picked single-family housing to have the best outlook for next year. The industrial market also is projected to offer good investment opportunities in the coming year," ULI's report said.

Homebuilding was Denver's highest-ranked category and the third-highest in the country, while development was second-highest.

Dallas-Fort Worth landed in the No. 1 place. Other cities that ranked higher than Denver were Austin, Charlotte, Seattle and Atlanta.

One big surprise on the list was Houston, which fell from No. 1 on last year's ranking to No. 30 on this year's list.

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