CALABASAS, CA—What the top-ranked markets have in common, says Marcus & Millichap, are barriers to entry, low vacancy and above-average benefit from office-using employment growth.

NEW YORK CITY—The net lease REIT's former chef accounting officer had alleged that she was terminated after voicing concerns about the company's accounting practices; ARCP said the allegation was unfounded.

LOS ANGELES—“People are again moving out and forming households,” says Gary Painter, director of research at the USC Lusk Center for Real Estate.

LOS ANGELES—With $6 billion of capital available, “we are well-positioned to continue taking advantage of opportunities” across global markets in 2015, says CEO Matt Khourie.

SEATTLE—The flip side, says Zillow's Stan Humphries, is that “rising and increasingly unaffordable rents make it difficult to save for a down payment on a home.”

LOS ANGELES—The market is “firing on all cylinders,” thanks to low energy costs and a strong dollar spurring business investment, production, employment and consumption, says CBRE's Jeanette Rice.

NEW YORK CITY—ARCP's $1.5-billion sale-leaseback of more than 500 Red Lobster locations was only one of the megadeals the net lease REIT closed last year.

WASHINGTON, DC—“We need strong and consistent policies from Washington that encourage investments in development projects so more Americans can share in our economic recovery,” says NAIOP's Thomas J. Bisacquino.